Capital and Business Alliance with the SenseTime Group
First written in FY2021-Q2. 2 of 3 entries say "Reframed", first in FY2021-Q3. Latest entry: FY2021.
No other company in this theme has enough history to compare yet.
- FY2021ReframedAnnual report
「② Loan to Asia TeleTech 160,000 160,000 September 2020 ③ Loan to Asia TeleTech 100,000 100,000 August 2020」
The funds previously designated for investment in SENSETIME GROUP INC. were reallocated to loans of ¥160 million and ¥100 million to Asia TeleTech, and the full amounts have been allocated. - FY2021-Q3ReframedAnnual report
「③ Loan to Asia TeleTech 100,000 100,000 August 2020」
Regarding the previously announced plan to invest ¥100 million in SENSETIME GROUP INC., the current use-of-proceeds table states that the full amount has been allocated to a ¥100 million loan to Asia TeleTech. The disclosed use of proceeds has changed; this does not itself establish whether the capital alliance was implemented. - FY2021-Q2First statedAnnual report
「The Company decided to change the original use of proceeds because it had decided to discontinue its fintech business and to further strengthen its relationship with STG in order to make the launch of its 5G and AI-related businesses more certain. It will allocate ¥100 million of the proceeds to an investment in SENSETIME GROUP INC., STG's 100%-owned parent company, around August to September 2020, and will enter into a capital alliance with STG's related corporate group in addition to its business alliance with STJ.」
To ensure the launch of its 5G and AI-related businesses, the Company plans to invest ¥100 million and US$1 million in SENSETIME GROUP INC., the parent company of SenseTime Japan, in addition to its business alliance with SenseTime Japan, and has indicated a policy of proceeding with a capital alliance with the related corporate group.