<div id="readability-page-1"><div><p>SENKO Group Holdings Co., Ltd. (TSE:9069) proposed to acquire an additional 60.98% stake in Maruwn Corporation (TSE:9067) from a group of shareholders for ¥16.7 billion on November 13, 2025. A cash consideration of ¥16.72 billion valued at ¥949 per share will be paid by SENKO Group Holdings Co., Ltd. As part of consideration, ¥16.72 billion is paid towards common equity of Maruwn Corporation. In a related transaction, SENKO Group Holdings Co., Ltd. and JX Advanced Metals Corporation entered into a Non-Tender Agreement. Upon completion of the transactions, SENKO Group Holdings Co., Ltd. will hold 80% stake while JX Advanced Metals Corporation will hold 20% stake in Maruwn Corporation.</p><p>The transaction is subject to recommendation of merger agreement by the board of Maruwn Corporation and minimum tender.</p></div></div>

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<p>SENKO Group Holdings Co., Ltd. proposed to acquire a 60.98% stake in Maruwn Corporation for ¥16.7 billion, paying ¥949 per share. Upon completion, SENKO will hold 80% and JX Advanced Metals Corporation 20% of Maruwn. The deal requires Maruwn's board recommendation and minimum tender.</p>

SENKO Group Holdings Co., Ltd. proposed to acquire 60.98% stake in Maruwn Corporation from a group of shareholders for ¥16.7 billion.