Integration of the device business in connection with the business integration and transition back to a pure holding company
First written in FY2019-Q2. 1 of 3 entries say "Advanced", first in FY2019-Q3. Latest entry: FY2019.
No other company in this theme has enough history to compare yet.
- FY2019AchievedAnnual report
「株式会社ＵＫＣホールディングス (hereinafter, “UKC”) and 株式会社バイテックホールディングス (hereinafter, “Vitec”; together with UKC, the “two companies”) completed their business integration effective 1 April 2019 and changed their corporate name on the same date to 株式会社レスターホールディングス.」
The integration of the device business in connection with the business integration and the transition back to a pure holding company were completed effective 1 April 2019. - FY2019-Q3AdvancedAnnual report
「On the effective date of the merger, subject to the merger taking effect, the company will transfer its device business to VGEL through an absorption-type company split in which the integrated holding company will be the splitting company and Vitec’s wholly owned subsidiary, バイテックグローバルエレクトロニクス株式会社 (hereinafter, “VGEL”; after the company split, the “integrated device business company”), will be the successor company. Subject to the company split taking effect and VGEL’s extraordinary general meeting of shareholders approving amendments to its articles of incorporation concerning the change of corporate name, VGEL is scheduled to change its corporate name to 株式会社レスターエレクトロニクス on the effective date of the company split, scheduled for 1 April 2019.」
The implementation method and schedule have been specified, including the absorption-type company split of the device business following the business integration, the transition to a pure holding company and the planned corporate name change on 1 April 2019. - FY2019-Q2First statedAnnual report
「To realise synergies between the device businesses of the company and Vitec at an early stage, the company will transfer its device business to VGEL as part of the merger. As a result, the company will become a pure holding company responsible for planning and promoting group strategy and overseeing governance, while working to create and further enhance corporate value.」
Subject to the merger scheduled for 1 April 2019, the company disclosed for the first time a plan to transfer its device business to VGEL on the Vitec side through an absorption-type company split, with the company becoming a pure holding company responsible for group strategy and governance.