Vista Hotel Management Co., Ltd. Announces MBO by Management Team

AI Summary (NQ-processed)

Vista Hotel Management Co., Ltd. (VHM) announced that MI Management Co., Ltd. (MIM), established by VHM Representative Director Ichiro Ibaraki, raised funds and acquired 60% of VHM shares held by VHM's parent company, Yamasa Co., Ltd. (Yamasa). The MBO was chosen to enhance management independence and enable faster decision-making in response to changing market conditions. Yamasa will continue to hold 40% of VHM shares. VHM operates 15 hotels in major domestic cities under the "Hotel Vista" and "Hotel Vista Premio" brands.