Dissolution and liquidation of 魅仕坊（上海）互聯網科技有限公司
First written in FY2020-Q2. 2 of 5 entries say "Advanced", first in FY2020-Q3. Latest entry: FY2021.
50 other companies' latest entry also says "Achieved".
- FY2021AchievedAnnual report
「As the liquidation of 魅仕坊（上海）互聯网科技有限公司 was completed, the company excluded it from the scope of consolidation from the current consolidated fiscal year.」
The liquidation procedures for the Shanghai entity were completed, and it was excluded from the scope of consolidation from the fiscal year ending August 2021. - FY2021-Q2AchievedAnnual report
「As the liquidation procedures for 魅仕坊（上海）互聯網科技有限公司 were completed during the second quarter of the current consolidated accounting period (18 February 2021), the company excluded it from the scope of consolidation.」
The liquidation procedures for the Shanghai entity were completed on 18 February 2021, and it was excluded from the scope of consolidation. - FY2020AdvancedAnnual report
「In response, the Group reviewed its business activities and worked to maintain and promote the businesses by reducing fixed costs through consolidating local entities in Greater China and reallocating personnel.」
Following the decision to liquidate the Shanghai entity, the company moved to the stage of consolidating its local entities in Hong Kong, reallocating personnel and reducing fixed costs. - FY2020-Q3AdvancedAnnual report
「In the medical tourism and cross-border e-commerce businesses built around China, the global COVID-19 pandemic had a significant impact, particularly on customer acquisition. However, the Group worked to concentrate its management resources and improve management efficiency by consolidating its local entities in Hong Kong and liquidating its Shanghai entity.」
Regarding the policy of dissolving and liquidating the Shanghai entity announced in the previous quarter, the report states that the company had reached the stage of consolidating its local entities in Hong Kong and liquidating the Shanghai entity. - FY2020-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 19 March 2020, the company resolved to dissolve 魅仕坊（上海）互聯網科技有限公司 and begin liquidation procedures in order to consolidate its business operations hub for Greater China in Hong Kong, with a view to concentrating management resources on the medical tourism and cross-border e-commerce businesses and improving the efficiency of Group management. The liquidation is expected to be completed once the necessary procedures under local laws and regulations have been completed.」
The company disclosed its decision to dissolve and begin liquidation of its consolidated subsidiary in Shanghai. This was explained as a measure to consolidate the Group's business operations hub for Greater China in Hong Kong, concentrate management resources and improve management efficiency.