MHA acts as reporting accountant for crowdfunding platform for real estate investment in Japan
August 19th 2024
MHA corporate finance is delighted to have acted as reporting accountant for Bowen Fintech Plc – now renamed MOH Nippon Plc (the “Company”), in connection with the acquisition of 97.41% of the issued share capital of Minnadeooyasan-Hanbai Co. Ltd (“MOH”) from Kyosei Bank Co., Ltd (“KBC”) for consideration of £34.5 million.
MOH is a leading crowdfunding platform for real estate investment in Japan, having raised c. £1.45 billion over the past 16 years. In addition to having a proven crowdfunding platform for real estate investment, MOH also has access to a pipeline of real estate opportunities as part of the KBC group of companies, and has the potential for diversifying interests into real-estate technology innovation in the future, particularly regarding cold-chain logistics.
Following the result of a General Meeting held on 16th August, and completion of the reverse takeover, the Company's Ordinary Shares have now been admitted to the Official List and the Main Market of the London Stock Exchange.
Aamir Quraishi, Non-Executive Chairman of the Company, said:
We are delighted to have reached this key milestone by completing this transformational acquisition of MOH and to have had the valuable and proactive support of the experienced MHA team throughout the transaction."
The MHA Corporate Finance team led by Head of Capital Markets, Robin Stevens, as well as Corporate Finance Partner and Head of Transaction Services, Rob Dando, was supported by a strong and experienced international team, to deliver specialist due diligence and reporting accountant services to facilitate the acquisition and admission to the Main Market.
Robin and Rob commented:
It has been a pleasure to lead this transaction for MHA, working alongside our dedicated team, our excellent fellow advisors and a highly focused and determined client and target. We very much look forward to assisting the Company, as the enlarged team implement their exciting growth strategy.”
