Ricoh Leasing Company, Ltd. completed the acquisition of 98.3% stake in Enplus Inc. from Leopalace21 Corporation.
November 29, 2020
Share
Ricoh Leasing Company, Ltd. (TSE:8566) entered into a share transfer agreement to acquire a 98.3% stake in Enplus Inc. from Leopalace21 Corporation (TSE:8848) on November 27, 2020. As a part of transaction, Ricoh Leasing Company will acquire 6,960 shares in Enplus Inc. Post transaction, Leopalace21 Corporation will not hold any stake in Enplus Inc. As of March 8, 2021, Leopalace21 has agreed to waived off portion of the loan to Enplus. The loan amount to be waived off is JPY 325 million. Transaction is expected to close on November 30, 2020.
Ricoh Leasing Company, Ltd. (TSE:8566) completed the acquisition of 98.3% stake in Enplus Inc. from Leopalace21 Corporation (TSE:8848) on November 30, 2020.
Ricoh Leasing Co Ltd is a Japan-based company mainly engaged in the provision of leasing services and related business. The Company operates through three business segments. The Leasing and Finance segment is engaged in the provision of finance leases, operating leases, installment sales and credit for office and information-related equipment, medical equipment, industrial machine tools, measuring instruments, as well as corporate loans, industry-specific loans, housing loans, condominium loans. In addition, the Company provides corporate loans, industry-specific loans, housing loans, condominium loans, and other loans. The Services segment is engaged in the provision of invoicing and accounts receivable collection services, medical and nursing care reimbursement factoring services, factoring services for the Ricoh Group, and relocation management services. The Investment business includes solar power generation, housing leasing, and real estate related businesses.