Delay in the sale of Shinhan (Beijing) shares pending approval from the Chinese authorities and resulting loss on sale
First written in FY2017-Q2. 1 of 3 entries say "Materialised", first in FY2017-Q3. Latest entry: FY2017.
The whole theme swung hardest in 2026: 4 of 12 companies on the "Worse" side.
9 other companies' latest entry also says "Mitigated".
- FY2017MitigatedAnnual report
「Following the sale of all shares in 新韓（北京）汽車配件系統有限公司, an equity-method affiliate held by the Group, the company was excluded from the scope of equity-method accounting.」
The sale of shares in 新韓（北京）汽車配件系統有限公司, which had been pending approval from the Chinese authorities, was completed, resolving the outstanding status. Meanwhile, a ¥395.060 million loss on the sale of shares in an affiliated company was recorded. - FY2017-Q3MaterialisedAnnual report
「Following completion of the sale of all shares in 新韓（北京）汽車配件系統有限公司, an equity-method affiliate held by the Group, the company was excluded from the scope of equity-method accounting. Loss on sale of shares in an affiliated company 395,060」
The sale of shares in 新韓（北京）汽車配件系統有限公司, which had been pending approval from the Chinese authorities, was completed, while a ¥395 million loss on the sale of shares in an affiliated company was actually recorded. - FY2017-Q2First statedAnnual report
「The planned termination in August 2016 of the joint venture with and sale of shares in 新韓（北京）汽車配件系統有限公司 in the People's Republic of China had not been completed because the process of obtaining approval from the Chinese authorities was still under way. Following completion of the approval process, the Group expects to record a ¥254 million loss on the sale of shares in an affiliated company. However, the amount of the loss on the sale of shares in the affiliated company may change depending on future foreign exchange movements.」
The termination of the joint venture and sale of shares scheduled for August 2016 remained incomplete as of the end of September, and the Group expected to record a ¥254 million loss on the sale of shares in an affiliated company after obtaining approval. The amount of the loss could change depending on future foreign exchange movements.