Hulic set to acquire Raysum in $9.5m tender offer

It aims to acquire over 100 properties to enhance its leasing portfolio.

Hulic Co. Ltd. is set to acquire Raysum, a builder firm managed by Oasis Management, at a total cost of $9.5m (JPY 173.5b) via tender offering.

The Japanese real estate giant will purchase around 36.12% of outstanding Raysum shares Oasis does not already own at $325 (JPY 5,913) apiece. Hulic also plans to buy out Oasis in a separate transaction if the deal is accepted.

Hulic highlighted its existing business relationship with Raysum and praised the firm's value-add expertise, strong decision-making, and robust earnings capabilities. Under Hulic's medium- and long-term management plans, the company intends to acquire and reconstruct over 100 properties to enhance its leasing portfolio.

The acquisition is expected to introduce a new real estate business model and significantly boost Hulic's consolidated profit amidst economic uncertainties.