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M&A and Subsidiary Changes7602Ledax Co.,Ltd.Trading & Wholesale

Notice Regarding the Execution of a Subscription Agreement for All Shares and the Conduct of a Capital Increase by Third-Party Allotment at the Joint Venture Company (Freedom Japan Co., Ltd.)

The joint venture company Freedom Japan will issue 1,800 shares to Freedom Holding Corp. of the United States as the subscriber and raise ¥90 million. Following the capital increase, FRHC is expected to hold 90% and レダックス 10%, and directors nominated by FRHC will be appointed.

Worth reading
59In focus
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Direction
Neutral
Direction inferred from the company’s description.
Scale
90000000
¥
Wording
Conditional
How definitive the wording is.

No category-specific facts could be extracted from this document.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To fully advance the joint venture and establish Freedom Japan's business foundation.

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Notice Regarding the Execution of a Subscription Agreement for All Shares and the Conduct of a Capital Increase by Third-Party Allotment at the Joint Venture Company (Freedom Japan Co., Ltd.) | Ledax Co.,Ltd. (7602) timely disclosure | Komori