Worth reading
37Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.This transaction
Business TransferCounterpartySF Express (Overseas) Limited, SF Logistics Private Limited
Disclosing companySBS Holdings,Inc.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
3PL business (IBOB business)
Location Thane, Maharashtra, IndiaDate of incorporation 21 May 2019
Impact on Business Performance
The impact is expected to be immaterial. If any matter requiring disclosure arises, it will be announced promptly.
Procedures and assumptions
Conditions Precedent to ExecutionFulfillment of the contractual conditions and other requirements
Management structure after acquisitionOPL is expected to change its corporate name to IBOB SCS Private Limited (provisional name), and Dr. Arunachalam R is expected to become its representative. In principle, all employees engaged in the IBOB business are expected to transfer to OPL.
| Item | Details |
|---|---|
| Transaction name | Business Transfer |
| Counterparty name | SF Express (Overseas) Limited, SF Logistics Private Limited |
| Name of the Subject Company | SF Logistics Private Limited |
| Business Description of the Subject Company | 3PL business (IBOB business) |
| Location of the Subject Company | Thane, Maharashtra, India |
| Date of Establishment of the Subject Company | 21 May 2019 |
| Impact on Business Performance | The impact is expected to be immaterial. If any matter requiring disclosure arises, it will be announced promptly. |
| Date of board resolution | 28 September 2026 |
| Contract Date | 28 September 2026 (scheduled) |
| Execution Date / Effective Date | End of December 2026 (scheduled) |
| Conditions Precedent to Execution | Fulfillment of the contractual conditions and other requirements |
| Management structure after acquisition | OPL is expected to change its corporate name to IBOB SCS Private Limited (provisional name), and Dr. Arunachalam R is expected to become its representative. In principle, all employees engaged in the IBOB business are expected to transfer to OPL. |
Items this document does not state (20)
Capital Stock of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial Committee
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The opportunity for discussions arose after SF Hong Kong decided to change its business strategy in India in light of changes in the business environment and other factors. The Company determined that the acquisition would expand the Group's 3PL business in India and enable it to establish a more value-added, integrated global 3PL platform.
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