Kansai Paint (4613) · RiskMaterialised
Regulatory Approval and Execution Risks in the Transfer of the African Business
First written in FY2023-Q1. 1 of 2 entries say "Materialised", first in FY2024-Q3. Latest entry: FY2024-Q3.
2entries
3years
0from disclosures
How it moved
Same theme, other companies
Risk of failure to obtain competition-law approval and termination of the agreement for the transfer of the African businessA theme 1 companies write about · 1 as a headwind · 0 as a tailwind
No other company in this theme has enough history to compare yet.
Full recordFilings, disclosures and news, newest first
- FY2024-Q3MaterialisedAnnual report
「As approval was not obtained in South Africa under the competition law review, the Board of Directors resolved at its meeting held on 29 November 2023 to terminate the transfer agreement.」
Approval under the competition law review, which was a condition for executing the transfer of the African businesses, was not obtained, and the transfer agreement was actually terminated. - FY2023-Q1First statedAnnual report
「The transaction is subject to applications to and approval from the relevant authorities, including regulatory authorities, and is expected to be completed during 2023.」
For the transfer of shares in KPAL and KPEA, the company identified approval from the relevant authorities, including regulatory authorities, as a condition for execution and explicitly disclosed for the first time that completion was expected during 2023 as a risk and condition.