Fine Sinter (5994) · InitiativeAchieved
Making Precision Sintered Alloy (Wuxi) Co., Ltd. a Wholly Owned Subsidiary
First written in FY2025. 1 of 2 entries say "Achieved", first in FY2026-H1. Latest entry: FY2026-H1.
2entries
1years
0from disclosures
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Strengthening Management Control through the Additional Acquisition of an Interest in a Chinese SubsidiaryA theme 13 companies write about · 0 as a headwind · 13 as a tailwind
6 other companies' latest entry also says "Achieved".
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- FY2026-H1AchievedAnnual report
「On 30 May 2025, we additionally acquired an equity interest in our consolidated subsidiary 精密焼結合金（無錫）有限公司, making it a wholly owned subsidiary.」
We additionally acquired the 49% interest held by 住友電工焼結合金株式会社, raising the voting rights ratio in 精密焼結合金（無錫）有限公司 from 51% to 100% and ending the joint venture relationship. The consideration for the acquisition was US$6.86 million (¥1,025.700 million). - FY2025First statedAnnual report
「We will additionally acquire 49% of the shares held by 住友電工焼結合金株式会社. As a result, our voting rights ratio in PSP will increase from 51% to 100%.」
The company first disclosed a plan to enter into a share transfer agreement in May 2025 and additionally acquire the 49% non-controlling interest in 精密焼結合金（無錫）有限公司 for US$6.86 million. The business combination date is scheduled for 31 July 2026.