Absorption-Type Company Split of the Discount-Store Business and Focus on Supermarkets
First written in FY2019. 1 of 3 entries say "Advanced", first in FY2020-Q1. Latest entry: FY2020-Q2.
No other company in this theme has enough history to compare yet.
- FY2020-Q2AchievedAnnual report
「The company transferred to AEON BIG Co., Ltd. on 1 July 2019, through an absorption-type company demerger, the assets and liabilities held by its 35 discount-format stores, together with the associated contractual positions and other rights and obligations.」
The transfer of the assets, liabilities and other items of the 35 discount stores to AEON BIG Co., Ltd. was completed on 1 July 2019, with final consideration of ¥5,637 million. - FY2020-Q1AdvancedAnnual report
「Before the merger of the company and Maxvalu Chubu Co., Ltd., the company transferred to AEON BIG Co., Ltd., a wholly owned subsidiary of AEON Co., Ltd., on 1 July 2019 the assets and liabilities held by its 35 discount-format stores, together with the associated contractual positions and other rights and obligations, with the aim of optimizing management efficiency by concentrating its management resources on the supermarket format.」
The company entered into an absorption-type demerger agreement to transfer the assets, liabilities and other items of its 35 discount stores to AEON BIG Co., Ltd. The process had progressed through shareholder approval ahead of the effective date of 1 July 2019. The consideration for the absorption-type demerger was stated as ¥6,203 million. - FY2019First statedAnnual report
「For the purpose of optimizing management efficiency by concentrating its management resources on the supermarket business, before the merger the company will transfer to AEON BIG Co., Ltd., a wholly owned subsidiary of AEON Co., Ltd., the assets and liabilities held by its 35 discount stores, together with the associated contractual positions and other rights and obligations.」
The company first presented a plan to transfer the operations of 35 discount stores to AEON BIG Co., Ltd. and concentrate management resources on the supermarket business through the absorption-type demerger scheduled for 1 July 2019 and consideration of ¥6,023 million.