JG27's tender offer for Estore succeeds; ownership changes loom

JG27 Inc. has successfully completed its tender offer for shares of Estore Corporation, as announced on April 2nd, 2025. The offer, which commenced on March 4th, 2025, concluded on April 1st, 2025. A total of 2,789,317 Estore shares were tendered, exceeding the minimum requirement of 1,709,900 shares and triggering JG27 to acquire all tendered shares. As a result, JG27 Inc. will become Estore's new parent company and largest shareholder effective April 8th, 2025. Consequently, JG26, JG27's parent company, and J-GIA2 Investment Limited Partnership No. 2, JG26’s parent company, will also become parent companies of Estore. Unicom Co., Ltd., Estore's previous largest shareholder, will no longer hold that position. The tender offer price was JPY 1,953 per share. JG27 intends to request Estore call a special meeting to consider a share consolidation. Estore shares are expected to be delisted from the Tokyo Stock Exchange.