Otsuka Holdings (4578) · InitiativeRestated
Strengthening the Financial Base Through the Transfer of an Interest in a Chinese Food and Beverage Company
First written in FY2016-Q2. 2 of 3 entries say "Restated". Latest entry: FY2016.
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Exclusion from Equity-Method Accounting Due to Sale of an Equity InterestA theme 55 companies write about · 1 as a headwind · 17 as a tailwind
14 other companies' latest entry also says "Restated".
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Showing 14 of the 55 companies compared. The sentences above are computed from all 55.Full recordFilings, disclosures and news, newest first
- FY2016RestatedAnnual report
「Our consolidated subsidiary Giant Harvest Ltd. entered into an agreement on 16 May 2016 to transfer its shares in 維維食品飲料股份有限公司 to 安信乾盛財富管理（深セン）有限公司 and 方正証券股份有限公司, and completed the transfer on 5 August 2016.」
The annual report confirms completion of the transfer of the Chinese food and beverage investment and its exclusion from equity-method affiliates. - FY2016-Q3RestatedAnnual report
「As the shares of 維維食品飲料股份有限公司 were transferred, the company was excluded from the scope of equity-method accounting from the third quarter of the current fiscal year.」
Confirmed that the previously disclosed share transfer resulted in the company being excluded from the scope of equity-method accounting. - FY2016-Q2First statedAnnual report
「The shares are being transferred both to promote the further development of 維維食品飲料's business and to strengthen the financial base of our group.」
A transfer agreement was signed in May 2016, and the transfer was completed in August. The sale price was RMB1,488 million, and the ownership ratio after the sale was 6.26%.