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M&A and Subsidiary Changes4016MIT Holdings CO.,LTD.Information and Communications, Services and Others

Notice regarding the dissolution and liquidation of an overseas subsidiary (non-consolidated)

The company has decided to dissolve and liquidate its 99.0%-owned non-consolidated subsidiary in Myanmar, Vision Links Myanmar Co.,Ltd. The liquidation is scheduled to be completed after procedures under local laws have been completed.

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This transaction

海外子会社(非連結)の解散および清算
Disclosing companyMIT Holdings CO.,LTD.
Vision Links Myanmar Co.,Ltd.Subject of this transactionVoting rights ownership percentage Before 99.0%(大株主及び持株比率として記載) (after not disclosed)
Date of board resolution2024 年3月 22 日
Execution Date / Effective Date現地の法令に従い必要な手続きを進め、それらの手続きが完了次第、清算決了となる予定
Target company

Systems integration services

Location Republic of the Union of MyanmarShare capital 50,000 米ドルDate of incorporation 2015 年9月 15 日
Net Sales195,147,662 チャット(2023 年3月期)
Net income for the current fiscal year59,744,233 チャット(2023 年3月期)
Net assets40,090,998 チャット(2023 年3月期)
Impact on Business Performance

当該子会社は非連結子会社であり、解散による当社連結業績に与える影響は軽微

Procedures and assumptions
Conditions Precedent to Execution現地の法令に従い必要な手続きを完了すること
This transaction
ItemDetails
Transaction name海外子会社(非連結)の解散および清算
Name of the Subject CompanyVision Links Myanmar Co.,Ltd.
Business Description of the Subject CompanySystems integration services
Location of the Subject CompanyRepublic of the Union of Myanmar
Capital Stock of the Subject Company50,000 米ドル
Date of Establishment of the Subject Company2015 年9月 15 日
Net Sales of the Subject Company195,147,662 チャット(2023 年3月期)
Net Income of the Subject Company59,744,233 チャット(2023 年3月期)
Net Assets of the Subject Company40,090,998 チャット(2023 年3月期)
Voting rights ownership percentageBefore 99.0%(大株主及び持株比率として記載) (after not disclosed)
Impact on Business Performance当該子会社は非連結子会社であり、解散による当社連結業績に与える影響は軽微
Date of board resolution2024 年3月 22 日
Execution Date / Effective Date現地の法令に従い必要な手続きを進め、それらの手続きが完了次第、清算決了となる予定
Conditions Precedent to Execution現地の法令に従い必要な手続きを完了すること
Items this document does not state (18)
Counterparty nameOperating Profit of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Contract DateValuation methodologyIndependent valuation institutionSpecial CommitteeManagement 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.

ミャンマーの政変や新型コロナウイルス感染拡大に加え、為替変動、金融規制、停電、通信インフラ未整備によって現地ビジネス活動が大きく制限され、成長性が見込めなくなったため。

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 dissolution and liquidation of an overseas subsidiary (non-consolidated) | MIT Holdings CO.,LTD. (4016) timely disclosure | Komori