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Nitta Gelatin (4977) · FactFirst stated

Acquisition of Guangdong Mingyang Gelatin Co., Ltd. and application of the equity method

First written in FY2020-Q2. . Latest entry: FY2020-Q2.

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  1. FY2020-Q2First statedAnnual report

    「Guangdong Baiwei Biotechnology Co., Ltd., an equity-method affiliate of the Company, acquired all shares of Guangdong Mingyang Gelatin Co., Ltd. on 2 September 2019. As one of the Company’s directors assumed a position as a director of Guangdong Mingyang Gelatin Co., Ltd. and the Company provides significant technical assistance to the company, Guangdong Mingyang Gelatin Co., Ltd. has been included within the scope of application of the equity method.」

    The equity-method affiliate acquired all shares of the Chinese company Guangdong Mingyang Gelatin Co., Ltd. The company was added to the scope of the equity method because a Company director assumed a directorship there and the Company provided significant technical assistance.
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Acquisition of Guangdong Mingyang Gelatin Co., Ltd. and application of the equity method | Nitta Gelatin Inc. (4977) | Komori