Competition Authority Approval Risk in the Transfer of Tokuyama Malaysia
First written in FY2017-Q2. 1 of 3 entries say "Restated". Latest entry: FY2018-Q1.
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- FY2018-Q1MitigatedAnnual report
「The second third-party allotment and the transfer of all shares held by us were completed on 31 May 2017.」
The second allotment to OCI and the share transfer, which were conditional on approvals and other permissions from the competition authorities, were completed, reducing the risk of cancellation due to failure to obtain those approvals. - FY2017-Q3RestatedAnnual report
「The second third-party allotment to OCI and the transfer of Tokuyama Malaysia shares held by us are conditional on obtaining merger-control approvals and other permissions from the competition authorities in the relevant countries. If these approvals and permissions cannot be obtained, the series of transactions will be cancelled and the risks associated with overseas business expansion will continue.」
Continues to disclose the risk that the second allotment to OCI and the transfer of Tokuyama Malaysia shares could be cancelled if the required approvals and permissions from the competition authorities are not obtained. - FY2017-Q2First statedAnnual report
「The second third-party allotment to OCI and the transfer of Tokuyama Malaysia shares held by us are conditional on obtaining merger-control approvals and other permissions from the competition authorities in the relevant countries. If these approvals and permissions cannot be obtained, the series of transactions will be cancelled and the risks associated with overseas business expansion will continue.」
Discloses that the transfer to OCI and the second allotment are conditional on approval and other permissions from the competition authorities in the relevant countries, and that failure to obtain approval would result in cancellation of the transactions and the continuation of the risks associated with overseas business expansion.