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Torex Semiconductor (6616) · InitiativeAchieved

Accelerating decision-making and optimizing management resources through making Fenitec a wholly owned subsidiary

First written in FY2019-Q3. 1 of 1 entries say "Achieved", first in FY2019-Q3. Latest entry: FY2019-Q3.

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Making フェニテック a wholly owned subsidiary through a share exchangeA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

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  1. FY2019-Q3AchievedAnnual report

    「At a meeting of the Board of Directors held on 14 December 2018, the company resolved to conduct a share exchange to make its consolidated subsidiary, フェニテックセミコンダクター株式会社, a wholly owned subsidiary, and entered into a share exchange agreement with フェニテック on 14 December 2018. The share exchange was carried out on 1 February 2019, and フェニテック became the company's wholly owned subsidiary through the share exchange.」

    フェニテック was made a wholly owned subsidiary to accelerate decision-making across the group, optimize management resources, and establish an efficient and agile management structure. The effective date of the share exchange was 1 February 2019. The company allocated 185 of its shares for each share of フェニテック and delivered a total of 655,640 shares, comprising 190,640 treasury shares and 465,000 newly issued shares.
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Accelerating decision-making and optimizing management resources through making Fenitec a wholly owned subsidiary | TOREX SEMICONDUCTOR LTD. (6616) | Komori