Opt Holding subsidiary Buncable to liquidate after Hakuhodo DY tender offer

Opt Holding, Inc. announced the dissolution and liquidation of its consolidated subsidiary, Buncable Inc., effective December 8, 2025. This decision follows the successful tender offer for Opt Holding's shares by Hakuhodo DY Holdings Inc., which concluded on December 3, 2025. The dissolution of Buncable was a condition precedent for the tender offer, due to limited synergies between Buncable's financial services business and the acquirer's group.

The special committee established by Opt Holding determined that liquidating Buncable would maximize enterprise value and benefit shareholders. Buncable, with 100 million yen in capital, will undergo dissolution and liquidation, expected to be completed by the end of March 2026.

Concurrently, SilverCape Investments Limited announced the withdrawal of its planned tender offer for Opt Holding shares. This withdrawal occurred because a key precondition – that Hakuhodo DY Holdings’ tender offer had not closed – was no longer met, as the Hakuhodo tender offer was successfully completed.