Acquisition of mold manufacturing business in Nantong, China, and establishment of an integrated production base
First written in FY2019-Q2. 1 of 4 entries say "Achieved", first in FY2019-Q3. Latest entry: FY2024-Q1.
No other company in this theme has enough history to compare yet.
- FY2024-Q1AdvancedAnnual report
「As a result of the transaction, the Group's ownership interest increased from 90% to 100%.」
東和半導体設備（南通）有限公司's ownership interest was increased from 90% to 100% through the acquisition of capital contributions from non-controlling shareholders on 1 May 2023. - FY2019RestatedAnnual report
「The company newly established 東和半導体設備（南通）有限公司 in Jiangsu Province, China, on 8 October 2018, with a 90% ownership interest, acquired the mold manufacturing business from 精技電子（南通）有限公司 on 1 November 2018, and made it a consolidated subsidiary.」
The establishment of the subsidiary in Nantong, China, and acquisition of the mold manufacturing business were completed, and the annual report also confirms the start of operations as a consolidated subsidiary. - FY2019-Q3AchievedAnnual report
「The company newly established 東和半導体設備（南通）有限公司 in Jiangsu Province, China, on 8 October 2018, with a 90% ownership interest, acquired the mold manufacturing business from 精技電子（南通）有限公司 on 1 November 2018, and made it a consolidated subsidiary.」
The establishment of the subsidiary in Nantong, China, and acquisition of the mold manufacturing business were completed on 1 November 2018, and operations began as a consolidated subsidiary. - FY2019-Q2First statedAnnual report
「At a meeting of its Board of Directors held on 21 September 2018, the company resolved to acquire the mold manufacturing business of 精技電子（南通）有限公司, a member of the Singapore-based KINERGY Group, in Jiangsu Province, China, establish a subsidiary to serve as the acquisition vehicle, and acquire land for that subsidiary.」
The company first disclosed plans to acquire a mold manufacturing business in Nantong, China, in November 2018 for approximately ¥524 million and establish a subsidiary with capital of US$30 million and a 90% ownership interest. It also plans to acquire approximately 36,666 square meters of land and pursue integrated mold production, including hardening and plating.