Uni-Asia Group’s subsidiary Uni-Asia Investment, along with Shinsei Bank Group’s Showa Leasing and Japan Asia Investment have made a Tokumei Kumiai (TK), or silent partner, investment in Godo Kaisha GH Property, a fund set up to invest in developing and operating group homes for people with disabilities in Japan.
“The fund intends to utilise TK capital and bank financing to invest in the establishment and development of an initial target of five group homes for the disabled in Japan, including Chiba and Shizuoka prefectures. Daytime support services for the group homes will initially be supported by Social Inclu Co.,” Uni-Asia Group said in a filing to SGX Tuesday.
The investment by Uni-Asia is 100 million yen, or around S$1.22 million, and additional investors may be sourced for the fund, the filing said.
The fund will be managed by Uni-Asia Capital (Japan), which is a wholly owned subsidiary of Uni-Asia Group, the filing said.
“The establishment of the fund and the TK investment by the group is in line with the group’s commitment to good corporate citizenship and sustainable business practices, and its belief in creating shared value and improving the impact of its businesses on society,” Uni-Asia said. “At the same time as supporting such sustainability initiatives, the management of the fund is also in the ordinary course of business of the group.”