Worth reading
56In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
13
Millions of Philippine pesosWording
Conditional
How definitive the wording is.This transaction
Additional acquisition of shares (conversion into a consolidated subsidiary)CounterpartyMarubeni Corporation
Disclosing companyPremium Group Co.,Ltd.
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Provision of unsecured consumer loans through a mobile application
Location Mandaluyong City (Philippines)Share capital 520 million Philippine pesos (as of December 2025)Date of incorporation November 2018
Net Sales30 million Philippine pesos (fiscal year ended December 2025)
Net income for the current fiscal year-133 million Philippine pesos (fiscal year ended December 2025)
Net assets131 million Philippine pesos (fiscal year ended December 2025)
Consideration and expenses
Acquisition price13 million Philippine pesos
Impact on Business Performance
The impact of this transaction on the Company's consolidated results for the fiscal year ending March 2027 is currently under review.
Procedures and assumptions
Management structure after acquisitionEFC will transition to a Company-led management structure, with the Company taking control of management to accelerate decision-making and unify its strategy. The company name, representative, and employee terms and conditions: Not disclosed
| Item | Details |
|---|---|
| Transaction name | Additional acquisition of shares (conversion into a consolidated subsidiary) |
| Counterparty name | Marubeni Corporation |
| Name of the Subject Company | Etomo Financing Corporation |
| Business Description of the Subject Company | Provision of unsecured consumer loans through a mobile application |
| Location of the Subject Company | Mandaluyong City (Philippines) |
| Capital Stock of the Subject Company | 520 million Philippine pesos (as of December 2025) |
| Date of Establishment of the Subject Company | November 2018 |
| Net Sales of the Subject Company | 30 million Philippine pesos (fiscal year ended December 2025) |
| Net Income of the Subject Company | -133 million Philippine pesos (fiscal year ended December 2025) |
| Net Assets of the Subject Company | 131 million Philippine pesos (fiscal year ended December 2025) |
| Acquisition price | 13 million Philippine pesos |
| Number of shares acquired | 277,610,623 shares (number of voting rights: Not disclosed) |
| Voting rights ownership percentage | Before 45.4% → after 90.8% |
| Impact on Business Performance | The impact of this transaction on the Company's consolidated results for the fiscal year ending March 2027 is currently under review. |
| Date of board resolution | 26 May 2026 |
| Contract Date | 5 June 2026 (scheduled) |
| Execution Date / Effective Date | 12 June 2026 (scheduled) |
| Management structure after acquisition | EFC will transition to a Company-led management structure, with the Company taking control of management to accelerate decision-making and unify its strategy. The company name, representative, and employee terms and conditions: Not disclosed |
Items this document does not state (14)
Operating Profit of the Subject CompanyExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Valuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to Execution
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To strategically strengthen the consumer finance business in the Philippines in pursuit of further growth in the overseas business. The Company intends to transition EFC to a Company-led management structure, thereby accelerating decision-making, unifying its strategy, strengthening its customer acquisition and sales framework, and promoting collaboration with its existing businesses.
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