Daito Trust Construction Completes Tender Offer for Ascot Corp. Shares
Daito Trust Construction has successfully completed its tender offer for Ascot Corp., acquiring 124.6 million common shares and 5.36 million share acquisition rights. The offer, conducted from Feb. 3 to March 18, met the minimum threshold of 91.7 million shares at a price of 260 yen per common share. Daito will now hold approximately 96.17% of Ascot's voting rights, making Ascot a consolidated subsidiary effective March 26. The acquisition aligns with Daito's strategic goals, with the impact on consolidated performance still under review.
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