Dynam completes Yume Corp acquisition

Dynam Japan Holdings announced that it completed on November 1 the acquisition of Yume Corp, a real estate company which operates nearly 40 pachinko halls in Japan.

“All the 38,805,336 Consideration Shares have been issued and allotted to the Target Company’s Shareholders…,” Dynam Japan said in a filing.

The number of shares represents approximately 5.22 percent of the issued share capital of the company immediately before the completion; and approximately 4.96 percent of the issued share capital of the company after completion.

Dynam Japan said the 38,805,336 shares were multiplied by a closing price of HK$9.54 per share as of October 30, amounting to HK$370.2 million.

Yume is the holding company of two real estate companies, Japan Real Estate and Pattes Co., Ltd. The company operates 39 pachinko halls in Japan and is one of the largest pachinko hall operators among about 3,700 in Japan. It ranks in the top 20 in terms of number of pachinko halls and ranks in the top 50 in terms of gross pay-ins.

 

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