Restructuring overseas operations through the dissolution of subsidiaries in China and Hong Kong
First written in FY2021-Q1. 4 of 9 entries say "Restated". Latest entry: FY2023-Q3.
No other company in this theme has enough history to compare yet.
- FY2023-Q3AchievedAnnual report
「The liquidation of HONG KONG JMACS LIMITED. was completed on 17 September 2022.」
Regarding the overseas business restructuring through the dissolution and liquidation of the Chinese and Hong Kong subsidiaries, the liquidation of the remaining HONG KONG JMACS LIMITED. was completed on 17 September 2022, completing the restructuring measures. - FY2023-Q1RestatedAnnual report
「HONG KONG JMACS LIMITED. is undergoing liquidation procedures.」
Regarding the overseas business restructuring involving the Chinese and Hong Kong subsidiaries, HONG KONG JMACS LIMITED. continues to undergo liquidation procedures after the Shanghai subsidiary's liquidation was completed. - FY2022-Q3RestatedAnnual report
「The liquidation of 上海皆碼嗣電气有限公司, formerly a consolidated subsidiary, was completed as of 3 June 2021. HONG KONG JMACS LIMITED. remains in liquidation and has been excluded from the scope of consolidation because it is not sufficiently material to impede a reasonable assessment of the financial position or operating results of the group.」
The Company continues to disclose the post-restructuring status in which the Shanghai subsidiary's liquidation has been completed and the Hong Kong subsidiary is undergoing liquidation procedures and has been excluded from the scope of consolidation. - FY2022-Q2AdvancedAnnual report
「The liquidation of 上海皆碼嗣電气有限公司, formerly a consolidated subsidiary, was completed as of 3 June 2021. HONG KONG JMACS LIMITED. remains in liquidation and has been excluded from the scope of consolidation because it is not sufficiently material to impede a reasonable assessment of the financial position or operating results of the group.」
Regarding the overseas business restructuring, the Shanghai subsidiary completed its liquidation on 3 June 2021, while the Hong Kong subsidiary is undergoing liquidation procedures and has been excluded from the scope of consolidation. The restructuring has progressed further. - FY2022-Q1AdvancedAnnual report
「上海皆碼嗣電气有限公司 and HONG KONG JMACS LIMITED., which belonged to the Overseas business, are undergoing liquidation procedures, and only various expenses related to the liquidation have been incurred. The liquidation of 上海皆碼嗣電气有限公司 was completed on 3 June 2021.」
Regarding the dissolution and liquidation of the Chinese and Hong Kong subsidiaries, the Shanghai subsidiary completed its liquidation on 3 June 2021, marking further progress in the restructuring. HONG KONG JMACS LIMITED. continues to undergo liquidation procedures. - FY2021RestatedAnnual report
「The extraordinary loss arising from the liquidation has been recorded in the current consolidated fiscal year.」
The Company continues the dissolution and liquidation procedures for the Chinese and Hong Kong subsidiaries and plans to complete the liquidations once the procedures required under local law have been completed. - FY2021-Q3RestatedAnnual report
「At an extraordinary meeting of the Board of Directors held on 15 June 2020, the Company resolved to dissolve Shanghai Kaimasi Dianqi Co., Ltd. and HONG KONG JMACS LIMITED. and commence liquidation procedures. The liquidation is expected to be completed once the necessary procedures under local law have been completed.」
The Company continues to disclose the dissolution of the Chinese and Hong Kong subsidiaries, the commencement of liquidation procedures, and the plan to complete the liquidations once the necessary procedures have been completed. - FY2021-Q2AdvancedAnnual report
「At an extraordinary meeting of the Board of Directors held on 15 June 2020, the Company resolved, from the perspective of optimising group management, to dissolve Shanghai Kaimasi Dianqi Co., Ltd. and HONG KONG JMACS LIMITED. and commence liquidation procedures. The liquidation is expected to be completed once the necessary procedures under local law have been completed.」
Following the resolutions to dissolve the Chinese and Hong Kong subsidiaries, liquidation procedures were initiated under local law, and the overseas business restructuring has moved into the execution phase. - FY2021-Q1First statedAnnual report
「At an extraordinary meeting of the Board of Directors held on 15 June 2020, the Company resolved to dissolve its consolidated subsidiaries 上海皆碼嗣電気有限公司 and HONG KONG JMACS LIMITED．」
The Company has resolved to dissolve its Shanghai and Hong Kong subsidiaries, established to develop the Chinese market and expand overseas sales channels, after determining that securing stable earnings would be difficult, in order to optimise group management.