Smart City Expansion Through a Local Renewable Energy Consumption Ecosystem
First written in FY2023-Q1. 1 of 2 entries say "Dropped", first in FY2023-Q2. Latest entry: FY2023-Q2.
0 other companies' latest entry also says "Dropped".
- FY2023-Q2DroppedAnnual report
「The company subsequently held repeated discussions with the other company regarding the acquisition, but was unable to agree on the terms, including its business operating policy after becoming a consolidated subsidiary and the use of the investment funds. It therefore decided not to extend the basic agreement, which was due to expire on 30 September, and to cancel the acquisition.」
The company canceled the subscription to a third-party allotment intended to make Environmental Energy Promotion Co., Ltd. a consolidated subsidiary because agreement on the terms could not be reached, and did not extend the basic agreement. - FY2023-Q1First statedAnnual report
「Through its investment in the company, the group aims to build a model for supplying, using and regenerating energy from local resources and managing these activities appropriately through digital technology. The established local-production-for-local-consumption ecosystem is intended to become the core of sustainable smart cities and to be rolled out nationwide.」
Through subscribing to third-party allotments by Environmental Energy Promotion Co., Ltd. and Shiwa Green Energy Co., Ltd., the company plans to build a model for digitally managing the supply, use and regeneration of renewable energy and roll it out nationwide. The share transfer agreement and subscription were scheduled for late July 2022, involving the acquisition of 105 shares and an ownership interest of 51.29% of voting rights.