Japan Lifeline (7575) · InitiativeAchieved
Improving the Financial Position of the Malaysian Subsidiary Through a Debt-to-Equity Swap
First written in FY2020-Q3. 1 of 2 entries say "Achieved", first in FY2020. Latest entry: FY2020.
2entries
1years
0from disclosures
How it moved
Same theme, other companies
Debt reduction and capital strengthening through debt-equity swaps involving subsidiary receivables and loansA theme 16 companies write about · 0 as a headwind · 16 as a tailwind
2 other companies' latest entry also says "Achieved".
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Showing 14 of the 16 companies compared. The sentences above are computed from all 16.Full recordFilings, disclosures and news, newest first
- FY2020AchievedAnnual report
「The capital increase was underwritten through an in-kind contribution of loans and other receivables using a debt-to-equity swap.」
Loans and other receivables from the Malaysian subsidiary were contributed in kind through a DES, and we underwrote a ¥2,241 million capital increase. The DES to improve the subsidiary's financial position has been completed. - FY2020-Q3First statedAnnual report
「We will conduct a DES for MYR 85,000,000 in loans and other receivables from the unconsolidated subsidiary, with 100% of the shares newly issued by the subsidiary being allotted to us.」
On 31 January 2020, MYR 85 million in loans and other receivables was converted into equity through a DES to reduce the interest-bearing debt and strengthen the capital of JLL Malaysia Sdn. Bhd., thereby improving its financial position.