Worth reading
56In focus
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
20000000
SourceWording
Definitive
How definitive the wording is.This transaction
Establishment of an overseas subsidiary (specified subsidiary)Counterparty重慶海徳世拉索系統（集団）有限公司, Zhang Ping (張屏)
Disclosing companyHI-LEX CORPORATION
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.The percentage before the change is not stated in this document.
Execution Date / Effective Date14 August 2026 (incorporation date); 18 August 2026 (capital contribution completion date)
Target company
Manufacture and sale of door modules in China
Location Jinshan District, Shanghai, People's Republic of ChinaShare capital ¥20 million yuan (equivalent to ¥473 million)Date of incorporation 14 August 2026
Consideration and expenses
Type of ConsiderationCash (payment of capital)
Impact on Business Performance
The impact on results for the current fiscal year is immaterial.
Procedures and assumptions
Management structure after acquisitionThe representative will be Zhang Ping (張屏), Chairman of the Board. One of the company's officers is scheduled to become a director. The capital contribution ratios are 80% for 重慶海徳世拉索系統（集団）有限公司 and 20% for Zhang Ping (張屏).
| Item | Details |
|---|---|
| Transaction name | Establishment of an overseas subsidiary (specified subsidiary) |
| Counterparty name | 重慶海徳世拉索系統（集団）有限公司, Zhang Ping (張屏) |
| Name of the Subject Company | 上海海徳世汽車零部件有限公司 |
| Business Description of the Subject Company | Manufacture and sale of door modules in China |
| Location of the Subject Company | Jinshan District, Shanghai, People's Republic of China |
| Capital Stock of the Subject Company | ¥20 million yuan (equivalent to ¥473 million) |
| Date of Establishment of the Subject Company | 14 August 2026 |
| Type of Consideration | Cash (payment of capital) |
| Voting rights ownership percentage | After Indirect ownership: 50.4% (before not disclosed) |
| Impact on Business Performance | The impact on results for the current fiscal year is immaterial. |
| Execution Date / Effective Date | 14 August 2026 (incorporation date); 18 August 2026 (capital contribution completion date) |
| Management structure after acquisition | The representative will be Zhang Ping (張屏), Chairman of the Board. One of the company's officers is scheduled to become a director. The capital contribution ratios are 80% for 重慶海徳世拉索系統（集団）有限公司 and 20% for Zhang Ping (張屏). |
Items this document does not state (20)
Net Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionContract DateValuation 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.The company secured new orders in the East China region, and because the door modules for the orders are large, it determined that production close to customers would be appropriate.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.