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Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2605","jir_publication_date":"2026-02-12","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/02\/1888-20260212-05.pdf","jir_short_summary":"ACVE Holdings LLC to conduct a tender offer for our shares (up to 1,071,262 shares, equivalent to 50.10%, at a purchase price of 4,455 yen) and concluded a capital and business alliance agreement with As\u014d on February 12, 2026.","jir_summary":"### Overview of the Tender Offer\nACVE Holdings LLC (a wholly-owned subsidiary of As\u014d) will conduct a tender offer for shares of Wakachiku Construction Co., Ltd. from February 13 to March 13, 2026, spanning 20 business days. The purchase price is 4,455 yen per share, representing a 15.78% discount to the closing price of 5,290 yen on the business day before announcement. The upper limit of shares to be purchased is 1,071,262 shares, equivalent to 50.10% of total issued shares. Sumitomo Mitsui Trust Bank, Sumitomo Mitsui Banking Corporation, and Chiba Bank are participating as contract applicants and shareholder agreement participants. Following the successful tender offer, As\u014d plans to make the company a consolidated subsidiary as of March 23, 2026; however, listing on the Tokyo Stock Exchange Prime Market is expected to be maintained.\n\n### Purpose and Content of the Capital and Business Alliance Agreement\nWakachiku Construction and the As\u014d Group have concluded a capital and business alliance agreement aimed at enhancing the corporate value of both companies. Objectives include expanding As\u014d Group\u2019s business scope, strengthening competitiveness in disaster mitigation and prevention businesses, efficiently expanding operations in the Kyushu region, reinforcing human resource acquisition and development, and promoting Wakachiku Construction\u2019s corporate philosophy. The agreement confirms the maintenance of listing, respect for management independence, and respect for employees\u2019 management decisions. The tender offeror has the right to recommend one director candidate and attend board meetings as an observer. Important share issuances and disposals require prior consent. The establishment of a special committee and efforts to maintain a dividend payout ratio of 40% are also stipulated.","jir_financial_highlights":"Purchase Price: 4,455 yen (15.78% discount to the closing price of 5,290 yen on the business day prior to announcement)\nPlanned Purchase Shares (Upper Limit): 1,071,262 shares (Equivalent to 50.10% of total issued shares)\nTender Offer Period: 2026\/2\/13 (Fri) \u2013 3\/13 (Fri) (20 business days) (Unknown)","jir_category":"","jir_hashtags":"#WakachikuConstructionCoLtd, #TenderOffer, #CapitalandBusinessAlliance, #TOB, #JapaneseStocks","jir_key_figures":"Purchase Price: 4,455 yen (15.78% discount to the closing price on the business day prior to announcement)\nPlanned Purchase Shares (Upper Limit): 1,071,262 shares (Equivalent to 50.10% of total issued shares)\nTender Offer Period: 2026\/2\/13 (Fri) \u2013 3\/13 (Fri) (20 business days)","jir_meta_title":"Wakachiku Construction Commences Tender Offer by ACVE Holdings and Concludes Capital and Business Alliance with As\u014d","jir_meta_description":"Wakachiku Construction Co., Ltd. concluded a tender offer by ACVE Holdings LLC (up to 1,071,262 shares at a purchase price of 4,455 yen) and a capital and business alliance agreement with As\u014d on February 12, 2026, confirming maintenance of listing and respect for management independence.","jir_og_title":"Wakachiku Construction Announces Tender Offer by ACVE Holdings and Capital and Business Alliance","jir_og_description":"Wakachiku Construction has announced the start of a tender offer by ACVE Holdings and the conclusion of a capital and business alliance agreement with As\u014d, ensuring listing maintenance and management independence.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":17154,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"tender_offer","footnotes":""},"sector":[],"importance":[],"class_list":["post-28479","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n