Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. is exercising its option to buy all of the allotted 8,000 new investment units in MCUBS MidCity Investment Corp. for ¥565.2 million.
The new units, priced at ¥70,650 apiece, are to be subscribed on March 8 and paid the next day. The third-party allotment was disclosed the same day it announced a roughly ¥11.85 billion offering of new units to help fund its acquisition of four commercial assets in Japan for about ¥23.21 billion.
Proceeds from the transaction with Mitsubishi UFJ will be kept for future acquisition of specific assets, the Japanese developer said in a filing.
