Worth reading
21Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
Memorandum of basic agreement toward the integration of the Hong Kong subsidiariesCounterpartyOKASAN SECURITIES GROUP INC.
Disclosing companyTOYO SECURITIES CO.,LTD.
Target company
Securities business (participant in the Hong Kong Stock Exchange), Securities business (participant in the Hong Kong Stock Exchange)
Location Hong Kong, Hong KongShare capital HK$180 million, HK$110 millionDate of incorporation December 1976, October 1987
Impact on Business Performance
The impact of this transaction on our consolidated results is expected to be immaterial.
Procedures and assumptions
Management structure after acquisitionIt is stated that the two companies will bring together their knowledge, expertise and specialised personnel to enhance business operations and strengthen their product and service delivery structure. Specific details regarding the corporate name, representative and treatment of employees are Not disclosed
| Item | Details |
|---|---|
| Transaction name | Memorandum of basic agreement toward the integration of the Hong Kong subsidiaries |
| Counterparty name | OKASAN SECURITIES GROUP INC. |
| Name of the Subject Company | Okasan International (Asia) Limited, Toyo Securities Asia Limited |
| Business Description of the Subject Company | Securities business (participant in the Hong Kong Stock Exchange), Securities business (participant in the Hong Kong Stock Exchange) |
| Location of the Subject Company | Hong Kong, Hong Kong |
| Capital Stock of the Subject Company | HK$180 million, HK$110 million |
| Date of Establishment of the Subject Company | December 1976, October 1987 |
| Voting rights ownership percentage | Before Okasan International (Asia) Limited 100% (岡三国際（亜洲）有限公司) / Toyo Securities Asia Limited 100% (TOYO SECURITIES CO.,LTD.) (after not disclosed) |
| Impact on Business Performance | The impact of this transaction on our consolidated results is expected to be immaterial. |
| Management structure after acquisition | It is stated that the two companies will bring together their knowledge, expertise and specialised personnel to enhance business operations and strengthen their product and service delivery structure. Specific details regarding the corporate name, representative and treatment of employees are Not disclosed |
Items this document does not state (22)
Net Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionContract DateExecution Date / Effective DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to Execution
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To bring together the knowledge, expertise and specialised personnel cultivated by both companies, enhance the operation of their Asian strategic hub, strengthen their ability to provide products and services, and expand services for customers.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.