Zensho Holdings (7550) · InitiativeAchieved
Third-Party Allotment and Disposal of Treasury Shares as Consideration for Making ココス a Wholly Owned Subsidiary
First written in FY2020-Q2. 1 of 2 entries say "Achieved", first in FY2020. Latest entry: FY2020.
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Third-party allotment and disposal of treasury shares for consideration for conversion into a wholly owned subsidiaryA theme 1 companies write about · 0 as a headwind · 1 as a tailwind
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- FY2020AchievedAnnual report
「With 20 February 2020 as the effective date, the Company carried out a share exchange in which Nippon Restaurant Holdings Co., Ltd., the Company's wholly owned subsidiary, became the wholly owning parent company and Coco's Japan Co., Ltd. became the wholly owned subsidiary. As a result, the total number of shares issued increased by 2,872,422 to 154,862,825.」
The issuance of new shares and disposal of treasury shares through the third-party allotment resolved on to fund the consideration for making Coco's Japan a wholly owned subsidiary were carried out together with the share exchange. - FY2020-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 7 November 2019, the Company resolved to issue new shares through a third-party allotment and dispose of treasury shares as described below (the "Third-Party Allotment").」
To secure the consideration for the share exchange involving Coco's Japan, the Company resolved to carry out a third-party allotment to Nippon Restaurant Holdings consisting of 2,872,422 newly issued shares and 2,000,000 treasury shares, for a total of 4,872,422 shares. The subscription and payment date is 17 January 2020.