Tokyo Rope Mfg. (5981) · InitiativeRestated
Making 東京製綱海外事業投資株式会社 a wholly owned subsidiary
First written in FY2018. 1 of 2 entries say "Achieved", first in FY2018. Latest entry: FY2020.
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Making Osaki Engineering a wholly owned subsidiary and selling itA theme 2 companies write about · 0 as a headwind · 1 as a tailwind
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- FY2020RestatedAnnual report
「At a meeting of the Board of Directors held on 26 June 2020, the company resolved to transfer its consolidated subsidiary 東京製綱海外事業投資株式会社 and its wholly owned Chinese subsidiary 東京製綱（常州）有限公司 to China's Dalian Guangshen Enterprise Group Co., Ltd.」
Following the 2018 acquisition of all shares of 東京製綱海外事業投資株式会社, the company has resolved to transfer its shares in that company. The transfer itself will be recorded separately in a new thread. - FY2018AchievedAnnual report
「The additional shares acquired represented 7.2% of voting rights, and through the transaction 東京製綱海外事業投資株式会社 became a wholly owned subsidiary of the company. The additional acquisition was carried out to increase the flexibility of that business.」
On 30 March 2018, the company additionally acquired 7.2% of the voting rights and made 東京製綱海外事業投資株式会社 a wholly owned subsidiary. The acquisition consideration disclosed was ¥2,232 million.