December 6, 2018
DI to sell all shares held in L&A Investment Corporation
Dream Incubator Inc. (hereinafter “DI”) has reached an agreement with Trust Tech Inc. (Minato-ku, Tokyo; Yutaka Nishida, President and Representative Director; hereinafter “Trust Tech”) to sell all the shares it holds in L&A Investment Corporation (hereinafter “L&A”; DI’s shareholding ratio: 44.42%) to Trust Tech. L&A has under its umbrella Le & Associates, a major staffing company in Vietnam. The transaction is scheduled to take place in January 2019.
■ Reasons for the share transfer (sale)
DI’s incubation service draws on the management capabilities cultivated through its strategic consulting business to not only provide capital but also offer management support with a view to fostering companies that could become the center of a new industry.
Leveraging the network DI has built in Vietnam, the company invested in L&A in 2016. Since then, it has supported the growth of L&A as a major shareholder, and as a result, L&A’s corporate value has roughly doubled since the initial investment.
Considering the growth of L&A, DI has decided that it is the right time to sell its shares in L&A to Trust Tech with which L&A can expect to generate a high level of synergy and aim for further growth. Hence, DI has resolved to carry out the share transfer.
■ About Trust Tech Inc.
Established in 1997. Listed on the First Section of Tokyo Stock Exchange, Trust Tech is a staffing company with a focus on manufacturing. It has expanded its business to a number of countries overseas, with Vietnam being its fifth overseas market.
■ About Le & Associates
Established in 2001. Headquartered in Ho Chi Minh City, Le & Associates is the largest staffing company in Vietnam specializing in employment outsourcing, staffing, and consulting/training.
■ About Dream Incubator Inc. (DI)
DI, “the Business Producing Company,” creates and supports growth of new businesses and industries by providing professional services such as strategic consulting and business production support, along with investing in companies and group company businesses.
Nozomu Ogawa, Riho Horiba
Public Relations Department
Tel: +81 (0)3-5532-3200