The enlarged entity will be controlled by Japan-based 3DOM Inc, which was set up in 2014. The company’s name is derived from the 3DOM (Three-Dimensionally Ordered Macro-porous) separator used in its battery technology. Its representative director Masataka Matsumura is described as a former creative director and the designer of “a Japanese fashion brand”. Matsumura first served as director and is now 3DOM Inc’s representative director and president.
Two Japanese companies with common shareholders are making moves into a pair of Singapore-listed firms via separate reverse takeover deals worth US$3 billion ($4.03 billion). Even as specifics of the deals have sparked queries from the market regulator, the parties involved have maintained their case is sound.
On Nov 17 last year, Reenova Investment Holding announced an RTO deal worth US$1 billion to acquire an entity called 3DOM Singapore. If completed, the company formerly known as ISR Capital will transition from trying to monetise a rare earth concession in Madagascar into one that is developing and selling batteries.
