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Japan Marine Construction Company Toyo Requests Japan Government to Investigate Nintendo Gaming Founding Family $1.5 Billion Yamauchi-No.10 Family Office Takeover Attempt for Potential Breaches of Foreign Ownership Rules above 10%, Currently Owns 27% of Toyo Through 3 Cayman Islands Companies
22nd April 2023 | Hong Kong
Japan marine construction company Toyo has requested the Japan government to investigate Nintendo gaming founding family Yamauchi-No.10 Family Office takeover attempt for potential breaches of foreign ownership rules (disclosure to government for above 10%). Yamauchi-No.10 Family Office currently owns 27% of Toyo Construction, through 3 Cayman Islands companies. Yamauchi-No.10 Family Office is estimated to manage around $1.5 billion of assets for the family. In 2022, Yamauchi-No.10 Family Office blocked an attempt by an industry rival for a takeover of Toyo Construction. Yamauchi-No.10 Family Office maintains that the 3 Cayman Islands companies are not closely related (by law). Yamauchi-No.10 Family Office was launched in 2020 by Banjo Yamauchi (Biological grandson of founder, Adopted son of Nintendo’s 3rd President, Hiroshi Yamauchi). Hiroshi Yamauchi transformed Nintendo into a global video game publisher with popular games including Donkey Kong & Super Mario Bros and gaming systems Super Famicom and Nintendo 64. Hiroshi Yamauchi (1927 – 2013) was Japan richest man in 2008 with $7.8 billion fortune.
“ Japanese Marine Construction Company Toyo Requests Japan Government to Investigate Nintendo Gaming Founding Family $1.5 Billion Yamauchi-No.10 Family Office Takeover Attempt for Potential Breaches of Foreign Ownership Rules above 10%, Currently Owns 27% of Toyo Through 3 Cayman Islands Companies “
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Japan Marine Construction Company Toyo Requests Japan Government to Investigate Nintendo Gaming Founding Family $1.5 Billion Yamauchi-No.10 Family Office Takeover Attempt for Potential Breaches of Foreign Ownership Rules above 10%
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