[Blue Topaz Inc.] Implementation of a Third-Party Allotment of Shares to Daiwa PI Partners Co. Ltd.
We are pleased to announce that our affiliate, Blue Topaz Inc., has carried out a third-party allotment of shares to Daiwa PI Partners Co. Ltd., which engages in investment businesses centered on domestic and international receivables, real estate, and private equity, thereby making Blue Topaz Inc. a consolidated subsidiary of the Daiwa Securities Group.
We plan to continue our collaborative relationship with Blue Topaz Inc.
– About Blue Topaz: A venture debt business providing funding to startups in the form of loans.
– Background of founding: A joint venture between Topaz Capital and Credit Engine Group, Inc.
– New trade name of Blue Topaz Inc. after closing: Daiwa Blue Financial Co., Ltd.