Announcement on the Conclusion of a Joint-Venture Contract for JIA Aviation Finance G.K.
2022/07/22
Octo Force Management hereby announce that it has entered into a joint-venture contract to jointly invest in JIA Aviation Finance G.K. (“JAF”), which currently is a 100% subsidiary of Japan Investment Adviser Co., Ltd. (Tokyo, Japan. President & CEO: Naoto Shiraiwa. TSE Prime Market, Stock Code: 7172, “JIA”), with Taiyoushin Aviation Finance LLC (State of Delaware, US. “Taiyoushin”) and JIA to operate the aircraft financing business.
Taiyoushin has been established by a premier global investment company.
Octo and Taiyoushin will buy shares of JAF through the allocation of new shares. We project impact on our financial results to be negligible.
