Business
Result of GM and Completion of Reverse Takeover
Result of GM and Completion of Reverse Takeover.
About this update from Moh Nippon Plc.
[{"type":"text","content":"\n\n16 August 2024\n \nBowen Fintech Plc\n(to be renamed MOH Nippon Plc on Admission)\n \nResult of General Meeting, Completion of Reverse Takeover and Cancellation and Admission of the Company's Ordinary Shares to the Official List and the Main Market\n \nBowen Fintech Plc (\"Bowen\" or the \"Company\") is pleased to announce that, further to its announcement of the publication of its prospectus dated 31 July and Notice of General Meeting to be held on 16 August 2024, released on 31 July 2024, all Resolutions proposed at the General Meeting were today approved (please refer to the appendix to this announcement for details). As such, the acquisition of Minnadeooyasan-Hanbai Co. Ltd (\"MOH\") by the Company, from Kyosei Bank Co., Ltd, which constitutes a Reverse Takeover under the UK Listing Rules, will complete, conditional on admission of the Company's Enlarged Issued Share Capital to trading on the Main Market. Accordingly, the Company also announces that, from Admission, its name and TIDM will change to MOH Nippon Plc and MOH respectively.\n \nApplications have been made to the FCA for the readmission of the Existing Ordinary Shares and for the admission of the Consideration Shares to the Official List and to the London Stock Exchange in respect of trading on the Main Market. It is anticipated that the existing listing on the Equity Shares (shell companies) category of the Official List, and trading in the Existing Ordinary Shares on the Main Market of the London Stock Exchange, will be cancelled immediately before 8.00 a.m. on 19 August 2024 and that the Admission on the Equity Shares (transition) category of the Official List will become effective, and that unconditional dealings in the Existing Ordinary Shares and the Consideration Shares will commence, at 8.00 a.m. on 19 August 2024.\n \nOn Admission, the expected market capitalisation of the Company will be approximately £42,716,864.\n \nBackground to MOH\n \nMOH is an established crowdfunding services platform in Japan and a solution provider for local investors seeking returns from investment into real estate. MOH has a 16-year proven track record of raising funds for real estate investments through crowdfunding, having successfully solicited investments from almost 40,000 individual investors in Japan and raised capital of approximat...