[Merchant Bankers Co., Ltd.] (Progress of disclosure matters) Announcement of the start of investment efforts in Estonian companies by Estonian subsidiary EJTC
*Merchant Bankers Co., Ltd.*
Press release: September 10, 2024
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(Progress of disclosure matters) Notice regarding the start of investment efforts in Estonian companies by Estonian subsidiary EJTC
Announced on September 2, 2024 in the “Notice of Estonian Subsidiary EJTC’s Commencement of Investment Initiatives in Estonian Companies”, NASDAQ
We would like to inform you that we have decided on a specific investment policy regarding investment in BALTIC listed companies.
1. renewable energy
Estonia is one of the world’s leading producers of oil shale, and has been extremely dependent on thermal power for power generation. We are working on energy diversification as a national policy.
Against this backdrop of Estonia’s energy situation, Estonian companies focusing on wind power generation, solar power, and biomass that are renewable are listed on NASDAQ.
Listed on BALTIC.
Currently, the stock is trading at a price-to-book ratio of around 1x, and we will focus on medium- to long-term growth potential as we invest.
2. shipping
NASDAQ
BALTIC is a listed company based in Tallinn, the capital of Estonia, that has grown through passenger and cargo shipping in the Baltic Sea by acquiring shipping companies in neighboring countries.
The Baltic Sea is an inland sea surrounded by nine countries (Sweden, Finland, Russia, Estonia, Latvia, Lithuania, Poland, Germany, and Denmark), and has flourished in maritime trade since the Middle Ages. It is located at a strategic point in the center of
The entire old town of Tallinn has been preserved as a World Heritage Site and is a popular tourist destination.
We are also paying attention to the hotel business in Tallinn run by a BALTIC listed company.
This NASDAQ
Although the business performance of BALTIC listed companies has already recovered from the coronavirus pandemic, the price/book value ratio is still below 1x, so we will focus on their undervalued value and invest in them.
Within this month, with the themes of “renewable energy” and “shipping,” NASDAQ We will start investing in BALTIC listed companies, but Estonia is known as an advanced IT country and has a number of companies such as Skype, a remote conferencing system listed on the US NASDAQ, and Wise, an overseas remittance service listed on the London Stock Exchange. We are producing unicorn companies. NASDAQ
We will focus not only on BALTIC, but also on growing companies from Estonia that are listed on international stock exchanges such as the London Stock Exchange, and will strengthen this as an investment business for our group, which has an information base in Estonia. Masu.
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