Dai-ichi Life Holdings to acquire 28.47% stake in Wealth Management, Inc. through share purchase
Link: https://links.sgx.com/1.0.0/corporate-announcements/VMW3BZ66TCDSQ274/54f262d6c245b3804961741dbcd3bb6ab2f2ad0309a3c6cac746527acaac05c4
Summary:
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Dai-ichi Life Holdings, Inc. will acquire 5,459,200 shares in Wealth Management, Inc., representing 28.47% of total voting rights.
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Acquisition is planned to occur between early and late December 2025, subject to conditions precedent in the share transfer agreement.
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Action is deemed equivalent to a tender offer under Japanese Financial Instruments and Exchange Act regulations.
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Securities code of Wealth Management, Inc. is 3772.
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Share acquisition date will be the fourth business day after fulfillment of all conditions, with flexibility in timing between December 3 and December 22, 2025.
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Purpose is strategic investment; announcement made by Dai-ichi Life Holdings, President and Group CEO Tetsuya Kikuta.