Nine Hours and SBI Holdings entered into a capital and business alliance as of December 5.
SBI Holdings, through its group companies, acquired a 34.8% stake in Nine Hours, making it an equity-method affiliate. As of December 22, Director Yasuyuki Watanabe assumed the position of Representative Director, while former Representative Director and CEO Takahiro Matsui became an advisor.
The two companies expect to collaborate on acquiring property information using their real estate networks, considering development-type hotel funds, providing operational know-how for properties invested in by the SBI Group, and conducting marketing and promotional activities utilizing SBI’s customer base.
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