SBC Medical Group Holdings announced the final results of its tender offer for Waqoo, Inc. shares.
The strategic acquisition aims to strengthen SBC's service offerings and R&D capabilities in the medical field.
The tender offer, conducted at JPY 1,900 per share, will result in SBC Medical acquiring 575,052 common shares of Waqoo, Inc.
Total Investment
Approximately JPY 1,092.5 million for up to 575,052 shares
Offer Price
JPY 1,900 per share
Strategic Rationale
Expands SBC's healthcare technology capabilities and strengthens presence in the Japanese market
- The acquisition will increase SBC Medical's ownership ratio of the voting rights of Waqoo, Inc. to over 50%.
- SBC Medical will become the parent company and the largest shareholder of Waqoo, Inc, aligning with its strategic expansion.
The acquisition of Waqoo, Inc. represents a significant step in SBC Medical Group Holdings' strategic growth and expansion in the medical sector, enhancing its ability to provide comprehensive solutions to clients.