Hulic Acquires Rays Company (Hong Kong) Limited (holding 63.88% of Raysum Co., Ltd.)
November 7, 2024
Hulic Co., Ltd. has acquired all shares of Rays Company (Hong Kong) Limited — previously wholly owned by RS Company Ltd., an affiliate of Oasis Management Company Ltd. — which holds a 63.88% stake in listed real estate company Raysum Co., Ltd. Oasis/RS also transferred related loan receivables and dividend claims for cash consideration; Oasis said the sale positions Raysum to achieve further corporate value enhancement under Hulic's stewardship.
- Buyers
- Hulic Co., Ltd.
- Targets
- Rays Company (Hong Kong) Limited, Raysum Co., Ltd.
- Sellers
- RS Company Ltd. (affiliate of Oasis Management Company Ltd.), Oasis Management Company Ltd.
- Industry
- Real Estate
- Location
- Tokyo, Japan
- Transaction Type
- Divestiture
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