SYLA Technologies Earlier Announced It Has Acquired 20.39% Of RIBERESUTE's Common Stock
Portfolio Pulse from Benzinga Newsdesk
SYLA Technologies Co., Ltd. (NASDAQ:SYT), a Japanese real estate crowdfunding platform operator, has completed the acquisition of a 20.39% stake in RIBERESUTE CORPORATION, becoming its largest shareholder. The acquisition involved 2,158,800 shares and was finalized on January 12, 2024, following an agreement made on November 15, 2023.
January 12, 2024 | 5:58 pm
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SYLA Technologies has successfully acquired a significant stake in RIBERESUTE, making it the largest shareholder and potentially expanding its influence in the real estate sector.
The acquisition of a substantial stake in RIBERESUTE by SYLA Technologies is likely to be viewed positively by investors, as it could lead to strategic advantages and growth opportunities in the real estate sector. This move may increase investor confidence in SYLA's growth strategy and market position, potentially leading to a short-term positive impact on SYT's stock price.
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