Bowen [LSE:BWN] has signed conditional, non-legally binding term sheet to acquire 93.49% of the issued share capital of Minnadeooyasan-Hanbai (MOH), a crowdfunding services platform in Japan and solution provider for investors seeking returns from investment into real estate.
MOH was incorporated in 1998 with its head office in Tokyo, and is regulated under the Real Estate Specified Joint Venture Act. It commenced crowdfunding services in 2007.
MOH is majority owned by Kyosei Bank, a privately owned company in Japan, and provides crowdfunding services to a property holding and management company within the same corporate group as KBC. This provides MOH with a proprietary pipeline of projects to facilitate funds for, and (where it has the resources to do so) occasionally MOH itself may participate in, the acquisition of land for development, reports The Armchair Trader. Read more.
