Nippon Soda (4041) · InitiativeAchieved
Restructuring the Production System Through the Transfer of 力菱ファインケミカル Equity Interest
First written in FY2019-Q2. 1 of 2 entries say "Achieved", first in FY2019-Q3. Latest entry: FY2019-Q3.
2entries
2years
0from disclosures
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Exclusion from Equity-Method Accounting Due to Sale of an Equity InterestA theme 56 companies write about · 2 as a headwind · 17 as a tailwind
16 other companies' latest entry also says "Achieved".
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Showing 14 of the 56 companies compared. The sentences above are computed from all 56.Full recordFilings, disclosures and news, newest first
- FY2019-Q3AchievedAnnual report
「On 8 October 2018, we entered into an equity interest transfer agreement for 力菱 Fine Chemical Limited, an equity-method affiliate, hereinafter “力菱,” and transferred all of our equity interest to Shanghai Qunli Chemical Co., Ltd.」
We transferred our entire 19.5% equity interest in 力菱 to Shanghai Qunli Chemical Co., Ltd., resulting in an ownership ratio of 0% after the transfer. The transfer price was US$1.0199 million, and the loss associated with the transfer was stated as ¥88 million. 力菱 was also excluded from the scope of equity-method accounting. - FY2019-Q2First statedAnnual report
「On 8 October 2018, we entered into an equity interest transfer agreement for 力菱 Fine Chemical Limited, an equity-method affiliate, hereinafter “力菱,” and decided to transfer all of our equity interest to Shanghai Qunli Chemical Co., Ltd.」
We entered into an agreement to transfer our entire 19.5% equity interest in 力菱 to Shanghai Qunli Chemical Co., Ltd. The transfer price is expected to be US$1.0199 million, with a loss of ¥85 million expected to result from the transfer. The transaction is positioned as part of the restructuring of the production structure to strengthen competitiveness.