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M&A and Subsidiary Changes3551DYNIC CORPORATIONMaterials and Chemicals

Notice Regarding the Making of a Consolidated Subsidiary into a Wholly Owned Subsidiary through Additional Share Acquisition

DYNIC and its wholly owned subsidiary DYNIC Juno will additionally acquire 63,161 shares of Indonesia-based DTP, in which they already hold 51% of the voting rights, increasing the Group’s voting interest to 100%. The acquisition price is IDR24.1 billion, and the share acquisition is scheduled for 1 January 2025.

Worth reading
45Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Neutral
Direction inferred from the company’s description.
Scale
241
IDR billion
Wording
Conditional
How definitive the wording is.

This transaction

Making a Wholly Owned Subsidiary Through the Additional Acquisition of Shares in a Consolidated Subsidiary
CounterpartyTPCS PUBLIC COMPANY LIMITED, SAHA PATHANA INTER-HOLDING PUBLIC COMPANY LIMITED
Disclosing companyDYNIC CORPORATION
PT. DYNIC TEXTILE PRESTIGEVoting rights ownership percentageNumber of shares acquired 63,161 株(議決権の数:Not disclosed)

The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.

TimelineThe spacing between the points is proportional to the actual number of days.White points represent dates designated as scheduled dates in the document.
Target company

不織布材料の製造・販売。車輛用の天井材・内装材を製造し、インドネシア国内を中心に販売しております。

Location IndonesiaShare capital US$ 12,890,000Date of incorporation 2014 年 3 月 19 日
Consideration and expenses
Acquisition priceDTP 社の普通株式 241 億インドネシアルピア
Impact on Business Performance

本件による当社の 2025 年 3 月期連結業績に与える影響はありません。

This transaction
ItemDetails
Transaction nameMaking a Wholly Owned Subsidiary Through the Additional Acquisition of Shares in a Consolidated Subsidiary
Counterparty nameTPCS PUBLIC COMPANY LIMITED, SAHA PATHANA INTER-HOLDING PUBLIC COMPANY LIMITED
Name of the Subject CompanyPT. DYNIC TEXTILE PRESTIGE
Business Description of the Subject Company不織布材料の製造・販売。車輛用の天井材・内装材を製造し、インドネシア国内を中心に販売しております。
Location of the Subject CompanyIndonesia
Capital Stock of the Subject CompanyUS$ 12,890,000
Date of Establishment of the Subject Company2014 年 3 月 19 日
Acquisition priceDTP 社の普通株式 241 億インドネシアルピア
Number of shares acquired63,161 株(議決権の数:Not disclosed)
Voting rights ownership percentageBefore 51.0% → after 100%
Impact on Business Performance本件による当社の 2025 年 3 月期連結業績に与える影響はありません。
Date of board resolution2024 年 11 月 13 日
Contract Date2024 年 11 月中旬(予定)
Execution Date / Effective Date2025 年 1 月 1 日(予定)
Items this document does not state (18)
Net Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement structure after acquisition

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.

DTP社が製造・販売する車輛用の天井材・内装材について、インドネシアは人口が多くモータリゼーションが進展する有望な市場と考えているため。また、DTP社設立時の合弁相手先から株式譲渡の申出があったため。

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Making of a Consolidated Subsidiary into a Wholly Owned Subsidiary through Additional Share Acquisition | DYNIC CORPORATION (3551) timely disclosure | Komori