Daiwa House Industry Co., Ltd. Notice Regarding Acquisition of Shares of Storbest Holdings Pte. Ltd (Subsidiary) (Newsletter)

Daiwa House Industry Co., Ltd.
Notice Regarding Acquisition of Shares of Storbest Holdings Pte. Ltd (Subsidiary) (Newsletter)
■ Entry into low-temperature logistics business in ASEAN

Daiwa House Industry Co., Ltd. (Head Office: Osaka, President: Keiichi Yoshii) announced on June 1, 2023 that Storbest Holdings Pte. Storbest”), and made it a consolidated subsidiary of the Company. 1. Reason for stock acquisition
 Our group is developing a wide range of businesses that provide total support, from the development of logistics facilities to the logistics area, such as luggage transportation and wheel delivery.
 In logistics facility development, we have developed more than 3,000 logistics warehouses as a pioneer in industrialized construction since our founding. Since 2002, in addition to the design and construction of logistics facilities, we have been involved in our unique logistics project, the “D Project,” which coordinates dedicated logistics facilities that match the customer’s business scheme, from proposing optimal locations for logistics to maintenance and management. ” started. We combine partners in various fields such as real estate and finance to develop logistics real estate solutions such as self-owned, non-asset, and real estate securitization. Our business area is expanding overseas, and we have developed nine logistics facilities to date, including the construction of logistics facilities equipped with refrigeration and freezing functions in Vietnam and Indonesia in ASEAN. We are planning to expand.
In the logistics field, the Daiwa House Group’s Daiwa Logistics Co., Ltd. handles logistics services centered on building materials, apparel, and e-commerce (e-commerce). Wakamatsu Packing Unyu Soko Co., Ltd., which has a delivery system, and Kamiyama Transportation Co., Ltd., which has extensive know-how in storage and delivery in three temperature zones, are developing a low-temperature logistics business centered on food.
And this time, we have made Storbest a subsidiary in order to enter the low-temperature logistics business in the growing market of ASEAN. Demand for cold chain logistics is increasing in Singapore and other ASEAN countries against the backdrop of population growth and diversification of dietary habits. With the acquisition of Storbest as a subsidiary, the Group will develop high-quality logistics services in neighboring countries with the acquisition of Storbest as a foothold in the low-temperature logistics business in ASEAN. By collaborating with, we aim to provide seamless international logistics services.
2. About Storbest
Storbest is an independent company founded in February 1997 that provides one-stop low-temperature logistics. We have established a wealth of know-how and strong customer relationships over 26 years in the cold logistics business in Singapore.
 Currently, we operate low-temperature logistics facilities with a total of 27,000 pallets in four temperature zones in Singapore, and have a large number of transport vehicles, including refrigerated trucks and prime movers. Customs clearance arrangements, various forwarding operations, storage operations, value-added operations (sorting, sorting, labeling, packing and repacking operations) and transportation by refrigerated trucks for over 400 customers such as supermarkets, food retailers and hotels in Singapore. We provide seamless one-stop supply chain management solutions, including delivery operations.
[Image 1: https://prtimes.jp/i/2296/1921/resize/d2296-1921-c50d304660019b170c8e-1.jpg&s3=2296-1921-8aa27c446e640047ba75ee2cb5dfecae-600×335.jpg]
[Image 2: https://prtimes.jp/i/2296/1921/resize/d2296-1921-296ce82c751113ba6e3f-2.jpg&s3=2296-1921-576b0243f2d704b03a85940e5ab1d453-600×369.jpg] [Storbest’s one-stop supply chain management solution for cold logistics] 3. About the future
By maximizing the utilization of our group’s logistics know-how, customer network, IoT and automation technology, and other business foundations, we will further strengthen Storbest’s facility management capabilities, and Singapore’s strategy to become a hub for the rapidly growing ASEAN market. The plan is to accelerate the company’s business expansion into neighboring countries by taking advantage of its strategic location.
4. Overview of share acquisition
(1) Overview of Storbest
Name: Storbest Holdings Pte. Ltd.*
Address: 531 Upper Cross Street 03-58 Hong Lim Complex, Singapore Name and title of representative: Collin Phua (CEO)
Business description: Provision of independent one-stop
low-temperature logistics solutions
Date of establishment: November 25, 2004
*Storbest is the main holding company of the group’s subsidiaries 5. Performance impact
Although Storbest will become a subsidiary of the Company as a result of this matter, the impact on the consolidated results for the current fiscal year will be minor.

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