OKURA HOLDINGS (01655) announced that the company was informed by Mr. Katsuya Yamamoto (seller), the controlling shareholder and CEO, executive director and chairman of the board of directors, that on January 11, 2024, he entered into a share purchase agreement with Ichizo Co., Ltd. (the buyer) to transfer the company's shares. The seller agreed to sell and the buyer agreed to purchase a total of 72 million shares (sale shares), accounting for 12% of the total issued share capital of the company as of this announcement. The total cost was 5365 million yen (i.e. 7.452 yen per sale share) (the transaction).
The buyer was a company incorporated under the laws of Hong Kong.