Restructuring of the China Business through the Transfer of Assets to and Equity Interests in 広州恒邦倉儲有限公司
First written in FY2024-Q3. 1 of 3 entries say "Advanced", first in FY2024. Latest entry: FY2025-H1.
57 other companies' latest entry also says "Achieved".
- FY2025-H1AchievedAnnual report
「As the equity-interest transfer was completed on 26 June 2024, 広州恒邦倉儲有限公司 was excluded from the scope of consolidation as of the end of the current interim consolidated accounting period.」
The transfer of the equity interests in 広州恒邦倉儲有限公司 was completed on 26 June 2024, and the company was excluded from the scope of consolidation. The plan to reorganize the China business and concentrate management resources on the electrification business progressed through completion of the implementation stage. - FY2024AdvancedAnnual report
「(1) Equity interest before the change: 100% (2) Equity interest transferred: 100% (3) Equity interest after the change: 0% / (3) Date of in-kind contribution: 19 March 2024 (4) Equity-interest transfer date: 30 June 2024 (scheduled)」
The in-kind contribution of land and buildings to 広州恒邦倉儲有限公司 was carried out on 19 March 2024, while the transfer of its 100% equity interest was scheduled for 30 June 2024, moving the reorganization from the planning stage to the implementation stage. The objective was to improve the efficiency of the China business and concentrate management resources on the electrification business. - FY2024-Q3First statedAnnual report
「At a meeting of the Board of Directors held on 31 January 2024, we resolved that 広州丸順汽車配件有限公司, our consolidated subsidiary, would make an in-kind contribution of the land and buildings at certain production sites that it owns to its subsidiary, 広州恒邦倉儲有限公司 (our sub-subsidiary, established on 27 December 2023), and that 広州丸順汽車配件有限公司 would transfer all of its equity interests in 広州恒邦倉儲有限公司 to 広州市盛鴻置業投資有限公司. As a result of this transfer, 広州恒邦倉儲有限公司 will be excluded from our consolidated subsidiaries. / (1) Equity interest before the change: 100% (2) Equity interest transferred: 100% (3) Equity interest after the change: 0% / Equity-interest transfer date: 30 June 2024 (scheduled)」
As part of the reorganization of the China business and the concentration of management resources on the electrification business, we disclosed for the first time a plan to make an in-kind contribution of land and buildings at production sites and transfer 100% of the equity interests in 広州恒邦倉儲有限公司. The Board resolution and contract execution took place on 31 January 2024, and the equity-interest transfer was scheduled for 30 June 2024. As of the filing date, it was not stated to have been completed.