Japanese real estate consulting company and real estate dealer: Metros Development (MTRS)

Metros Development Co., Ltd. (NASDAQ: MTRS) was founded in 2013, Headquartered in Japan Tokyo, with 170 full-time employees, is a real estate Consulting company , is responsible for identifying and purchasing real estate (land and/or buildings) that the company considers undeveloped, and reselling these properties to real estate developers so that they can redevelop these properties.

The article originates from American Stock House | American Stock Encyclopedia | Hong Kong and US Stock Account Opening Investment- https://www.mg21.com/mtrs.html

Metros Development Co., Ltd. (MTRS)

Metros Development is a real estate consulting company, which is responsible for identifying and purchasing land and buildings that it believes are undeveloped, and reselling such properties to real estate developers. Metro Development does not develop, redevelop or participate in the construction or construction of any real estate. Metro Development also does not engage in real estate broker services, nor does it provide property rights services and other services. The article originates from American Stock House | American Stock Encyclopedia | Hong Kong and US Stock Account Opening Investment- https://www.mg21.com/mtrs.html

The management is led by the CEO and director Yoshihiro Koshiba, who has joined the company since 2016. He served as a director of Surftrust Co. from 2009 to 2016, and previously worked in the real estate industry for many years. The article originates from American Stock House | American Stock Encyclopedia | Hong Kong and US Stock Account Opening Investment- https://www.mg21.com/mtrs.html

The mission of Metro Development is to first determine the undeveloped real estate held by real estate owners, and put forward suggestions for the most effective use of the identified real estate, so as to maximize the land and building value of real estate owners. For example, if a real estate is located in a high-end residential area, but whether it is a building or land, it is used for a low value single family residence, a low rise building, or just a vacant land at present, Metros Development believes that this is not the most effective way to use land, and the company will remind the property owner of this. Once Metro determines the undeveloped property, the company will negotiate with the landowner carefully to purchase the property. The article originates from American Stock House | American Stock Encyclopedia | Hong Kong and US Stock Account Opening Investment- https://www.mg21.com/mtrs.html

Metros Development often buys individual plots of land and sells them to developers as a large piece of land. Selling land as a large piece of land usually increases the value of the property and allows companies to sell it at a higher price to developers developing high-end apartments or commercial buildings. The article originates from American Stock House | American Stock Encyclopedia | Hong Kong and US Stock Account Opening Investment- https://www.mg21.com/mtrs.html

As of May 31, 2023, the real estate inventory of Metros Development exceeded $190 million, including more than 60 physical real estate inventory exceeding $1 million. The article originates from American Stock House | American Stock Encyclopedia | Hong Kong and US Stock Account Opening Investment- https://www.mg21.com/mtrs.html

For the 12 months ended May 31, 2023, Metro Development's revenue was $489 million. The article originates from American Stock House | American Stock Encyclopedia | Hong Kong and US Stock Account Opening Investment- https://www.mg21.com/mtrs.html

For the 12 months ended November 30, 2023, Metro Development had revenues of $478 million. The article originates from American Stock House | American Stock Encyclopedia | Hong Kong and US Stock Account Opening Investment- https://www.mg21.com/mtrs.html

Metros Development Co., Ltd. (MTRS) US equity investment

On September 27, 2023, Metros Development submitted to the Securities and Exchange Commission (SEC) on Tuesday IPO It is proposed to raise up to US $17 million through IPO. The article originates from American Stock House | American Stock Encyclopedia | Hong Kong and US Stock Account Opening Investment- https://www.mg21.com/mtrs.html

On October 19, 2023, Metros Development announced that it planned to issue 1.9 million shares at a price of 8 to 9 dollars, raising 16 million dollars. At the midpoint of the proposed scope, the fully diluted market value of Metros Development will reach $496 million. The IPO circulation is only 3.7% of the issued basic shares. Metros Development plans to be listed on NASDAQ with the stock code of MTRS. Boustead Securities He is the only book keeper of this transaction. The article originates from American Stock House | American Stock Encyclopedia | Hong Kong and US Stock Account Opening Investment- https://www.mg21.com/mtrs.html

On December 26, 2023, Metros Development plans to issue 1 million shares at a price of $8 to $9, raising $9 million, 47% less than previously expected. The IPO circulation is only 2.0% of the issued basic shares. Boustead Securities and EF Hutton He is the joint account keeper of this transaction.

On July 16, 2024, Metros Development announced that it plans to issue 2.5 million shares at a price range of $5.50 to $6.50 and raise $15 million. The company plans to be listed on NASDAQ with the stock code of MTRS. Loop Capital Markets is the sole underwriter of the transaction.