Tokyo Central Auction (01939) changed hands to ESSA Group, being acquired for HK$165 million for a 74.99% stake. It will resume trading on May 6.

Wisdom Financial APP News, Tokyo Central Auction (01939) and Offeror ESSA FINANCIAL GROUP LTD jointly announced that the company received a notice from the seller (Sho Kiyoshi Ando, Executive Director and Chairman of the Board of Directors, who was the controlling shareholder before completion) and the Offeror on April 25, 2025. The seller, the Offeror, and other buyers entered into a sales agreement on April 25, 2025, under which the seller agreed to sell and the Offeror and other buyers agreed to purchase a total of 375 million shares of the shares to be sold, equivalent to approximately 74.99% of the total issued share capital of the company as of the date of this joint announcement. The total consideration for the shares to be sold is HK$165 million, equivalent to HK$0.44 per share to be sold. The completion has been finalized on April 25, 2025.