Brief: Tsuruha Holdings, Aeon Co And Welcia Holdings: Mutually Decided To Initiate Talks Regarding Business Integration

TSURUHA HOLDINGS

28/02/2024 08:19

Feb 28 (Reuters) - 
  
    * JAPAN'S AEON: CAPITAL AND BUSINESS ALLIANCE NOTICE:
TSURUHA HD,
AEON, AND WELCIA HD ALONG WITH CHANGES IN MAJOR SHAREHOLDER
STATUS IN TSURUHA HD
    * TSURUHA HOLDINGS, AEON CO AND WELCIA HOLDINGS: HAVE
MUTUALLY
DECIDED TO INITIATE TALKS REGARDING A BUSINESS INTEGRATION
    * TSURUHA HOLDINGS, AEON CO AND WELCIA HOLDINGS: OBJECTIVE
IS TO
ENHANCE HEALTH AND WELLNESS FOR LOCAL CONSUMERS BY ADDRESSING
PREVENTION AND TREATMENT OF AILMENTS, CONTRIBUTING TO INCREASED
HEALTHY LIFE EXPECTANCY
    * TSURUHA HOLDINGS, AEON CO AND WELCIA HOLDINGS: THIS
INITIATIVE
IS NOT CONFINED TO JAPAN BUT EXTENDS TO ASEAN AND OTHER GLOBAL
REGIONS
    * TSURUHA HD AND WELCIA HD: TO ENGAGE IN CAPITAL AND
BUSINESS
ALLIANCE
    * JAPAN'S AEON: PLANS TO BUY OASIS MANAGEMENT'S 13.6% STAKE
IN
TSURUHA HOLDINGS
    * JAPAN'S AEON: PLANS TO BUY OASIS MANAGEMENT'S 13.6% STAKE
IN
TSURUHA HOLDINGS FOR 102.3 BILLION YEN

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 (Reporting by Kantaro Komiya)
 ((Kantaro.Komiya@thomsonreuters.com;))