Star Mica Taps DBJ for Alliance; to Raise 700 Million Yen via Share Sale

MT Newswires Live

May 01, 2025

Star Mica Holdings (TYO:2975) will raise 699.96 million yen through a third-party allotment to the state-backed Development Bank of Japan (DBJ) as part of a new capital and business alliance, according to a Wednesday filing on the Tokyo Stock Exchange.

The company will issue 755,900 common shares at 926 yen each, representing 2.23% of its outstanding stock post-issuance. The proceeds will fund investments into future real estate liquidation funds and acquisitions for those vehicles.

Star Mica said the tie-up supports its "Find the Value 2026" medium-term plan, which includes goals such as fund formation, faster sales cycles and enhanced profitability.

DBJ may also invest in the firm's funds and offer non-financial support such as advisory and network access.

Price (JPY): $959.00, Change: $-13, Percent Change: -1.34%

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The proceeds will fund investments into future real estate liquidation funds and acquisitions for those vehicles.</p><p>Star Mica said the tie-up supports its \"Find the Value 2026\" medium-term plan, which includes goals such as fund formation, faster sales cycles and enhanced profitability.</p><p>DBJ may also invest in the firm's funds and offer non-financial support such as advisory and network access.</p><p>Price (JPY): $959.00, Change: $-13, Percent Change: -1.34%</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JPY","symbol_name":"Lazard Japanese Equity ETF","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2532014319","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2532014319","pubTimestamp":1746060850,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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