19th Aug 2024 12:03
MOH Nippon PLC - London-registered entity of Tokyo-based Minnadeooyasan-Hanbai Co Ltd, providing a crowdfunding services platform for real estate investment in Japan - Starts trading on the London Main Market on Monday following its reverse takeover by special purpose acquisition company Bowen Fintech PLC. Starts life in London with a GBP42.7 million market capitalisation. MOH was formed in 1998 to invest and manage commercial and residential properties in Japan. It started offering crowdfunding services for land development in 2007. MOH was acquired by Bowen from Kyosei Bank Co, which continues to hold an 81% stake.
"As the first company with its business and operations in Japan to list equity on the Main Market of the London Stock Exchange in over 20 years, this is a very proud moment for all of us at the company," says Chair Aamir Quraishi. "We are excited to embark on this new phase having started as a special purpose acquisition company, and to now be delivering on our growth strategy as MOH Nippon with new colleagues and an established operational business."
By Tom Waite, Alliance News editor
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