Discussions on the Transfer of Shares in Mail-Order Subsidiaries
First written in FY2017-Q1. 1 of 2 entries say "Reframed", first in FY2017-Q2. Latest entry: FY2017-Q2.
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- FY2017-Q2ReframedAnnual report
「On 16 September 2016, we entered into a “Share Transfer Agreement” with 株式会社ジークス and acquired additional shares in our consolidated subsidiary 株式会社マードゥレクス on 27 September 2016.」
The discussions on the transfer of shares in a mail-order subsidiary to 株式会社ジークス, described in the previous quarter, were presented this time as a transaction in which we acquired additional shares in マードゥレクス from 株式会社ジークス, changing the direction of the transaction. - FY2017-Q1First statedAnnual report
「As the transaction terms under the basic agreement on the transfer of shares between our subsidiaries 株式会社マードゥレクス and 株式会社ジヴァスタジオ and 株式会社ジークス had not been finalized by the agreed deadline of 29 June 2016, 株式会社マードゥレクス received a refund of the ¥100 million advance payment from 株式会社ジークス on 30 June 2016. As a result, the parties entered into a new “Basic Agreement on the Transfer of Shares” on 4 July 2016, incorporating the terms below, and 株式会社マードゥレクス paid 株式会社ジークス the ¥100 million advance payment for the consideration for the share transfer on 8 July 2016.」
The parties reached a new agreement on the transfer of shares in 2 mail-order subsidiaries because the terms had not been finalized, with the advance payment being refunded and paid again. The transfer price and number of shares were to be determined through discussions, and the agreement provided that the advance payment would be refunded if the transfer was not completed by 30 August 2016.