Netstars (5590) · InitiativeAdvanced
Plan to Establish a Hong Kong Joint Venture and Develop Asia-Focused Overseas Remittance Services
First written in FY2024-H1. 3 of 4 entries say "Advanced", first in FY2024. Latest entry: FY2025.
4entries
3years
1from disclosures
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Same theme, other companies
Expansion of Asia International Remittance Services Through a Hong Kong Joint VentureA theme 1 companies write about · 0 as a headwind · 1 as a tailwind
No other company in this theme has enough history to compare yet.
Full recordFilings, disclosures and news, newest first
- FY2025AdvancedAnnual report
「May 2025 Registration completed for Type II funds transfer business」
The corporate history records completion of registration for a Type II funds transfer business in May 2025 in connection with the international remittance service through the Hong Kong joint venture. - 2026-03-05AdvancedGeneral Meetings of Shareholders
「Strategic partnership with a major Southeast Asian travel booking platform」
For the overseas business, records a partnership with a Southeast Asian travel booking platform in addition to the existing Hong Kong joint venture. - FY2024AdvancedAnnual report
「Beginning in the current fiscal year, newly established Netstars Hong Kong Limited has been included as an equity-method affiliate.」
The Hong Kong joint venture approved in August 2024 was established and incorporated into the international-remittance business platform as an equity-method affiliate. The Company's ownership is 40.0%. - FY2024-H1First statedAnnual report
「In anticipation of growing demand for and expansion of the international remittance market, the new company is expected to contribute to revenue growth and expand the Group's business scale by capturing growth markets. The Group intends to jointly develop international remittance services centered on Asia.」
The board resolved on 14 August 2024 to establish Netstars Hong Kong Limited, an equity-method affiliate, as a joint venture with Finext Limited. The planned establishment date was 30 August 2024, capital was US$250,000, and the ownership split was 60% for Finext Limited and 40% for the Company.