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REVOLUTION (8894) Has Transferred Its Crowdfunding Subsidiary, WeCapital, and Withdrawn From the Crowdfunding Business.
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REVOLUTION, a real estate company, will transfer WeCapital (Chiyoda-ku, Tokyo) to its director, Shun Miyama, and withdraw from the crowdfunding business. WeCapital had been experiencing internal control deficiencies, administrative penalties against its subsidiaries, and delays in repayments in its crowdfunding business. Mr. Miyama will focus on rebuilding the company's business.
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