Daiwa Securities acquires approximately 9.6% of GMO CLICK
Daiwa Securities Group Inc. (“DSGI”) has issued an announcement to inform in relation of the acquisition of shares in GMO CLICK Holdings, Inc.
The two companies have executed a memorandum as to Consideration of Business Collaboration .
Circumstances and Purpose of Collaboration
Both groups have come to this execution of memorandum, expecting that they can increase their corporate value by mutually utilizing managerial resources of each other and improving their customers’ convenience and quality of services.
Contents of Business Collaboration
Both groups intend to establish a cooperative framework to provide advanced financial services to be chosen by customers, by means of combining together (i) DS Group’s firm business foundation and know-how in securities business that DS Group has cultivated as general securities company group and (ii) GC Group’s ability to develop systems independently and its high marketing capacity.
Both groups also intend to discuss the attractive services such as FX and stock trades which make use of the characteristics of the both groups and aim for execution of the business collaboration agreement which defines contents in detail by the end of March, 2016.
Contents of Partial Acquisition of Shares
DSGI acquires a part of shares in GCH which GI owns (i.e. 11,100,000 shares corresponding to approximately 9.6% of the total number of shares outstanding as of September 30, 2015). In addition, both groups plan to discuss with each other continuously about the possibility that DSGI acquires additional shares in GCH in the future up to about 20% of the total number of shares
outstanding (including shares acquired today), based on the progress and outcome of business collaboration between DS and GC Group.
Source: Daiwa Securities
