Transfer of a Camera Module Manufacturing Subsidiary
First written in FY2017-Q2. 1 of 2 entries say "Achieved", first in FY2017. Latest entry: FY2017.
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- FY2017AchievedAnnual report
「On 1 April 2017, Sony transferred all equity interests in its wholly owned subsidiary 索尼電子華南有限公司, which manufactured camera modules and was included in the semiconductor segment, to Shenzhen O-Film Technology Co., Ltd. of China.」
The transfer of all equity interests in the camera-module manufacturing subsidiary was completed on 1 April 2017. - FY2017-Q2First statedAnnual report
「On 7 November 2016, Sony entered into a legally binding definitive agreement to transfer all equity interests in its wholly owned subsidiary 索尼電子華南有限公司, which manufactures camera modules, to Shenzhen O-Film Technology Co., Ltd. of China (the “Transaction”). The transfer price is approximately US$95 million, subject to final determination after certain adjustments. Completion of the Transaction is subject to approval from the relevant authorities and other conditions. Sony expects to recognize a gain related to the transfer after completion of the Transaction, but is currently conducting a detailed review to determine the final amount to be recognized.」
Sony entered into a definitive agreement to transfer all equity interests in its camera-module manufacturing subsidiary for approximately US$95 million. Completion requires approval from the relevant authorities.