Komori
Toa (6809) · InitiativeAchieved

Making the Singapore Sales Subsidiary a Wholly Owned Subsidiary

First written in FY2020. 1 of 1 entries say "Achieved", first in FY2020. Latest entry: FY2020.

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Strengthening the Asia-Pacific business by making the Singapore sales subsidiary wholly ownedA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

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  1. FY2020AchievedAnnual report

    「The additional shares acquired represented 49% of the voting rights, and through the transaction we made TOA ELECTRONICS PTE LTD our wholly owned subsidiary. The additional acquisition was conducted to expand our business in the Asia-Pacific region by speeding up decision-making and promoting a local-production-for-local-consumption business model.」

    TOA ELECTRONICS PTE LTD was made a wholly owned subsidiary through the additional acquisition of shares from non-controlling shareholders on 17 March 2020. Accelerating decision-making and expanding the business in the Asia-Pacific region were cited as the objectives.
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