Hikari Tsushin, MBK, and NEC unit launch $1.7bn buyout for Japan's Leopalace21
Japanese holding company Hikari Tsushin announced on Monday a tender offer for shares of Leopalace21, aiming to take the Japanese apartment management company private. Leopalace21 had halted its core real estate development business for about six years after construction defects came to light in 2018 and underwent restructuring with help from Fortress Investment Group.
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