Worth reading
37Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
100
% (all shares)Wording
Avoiding a definitive answer
How definitive the wording is.This transaction
This share transferCounterpartyToss Global Pte. Ltd.
Disclosing companyTokai Tokyo Financial Holdings,Inc.
The voting-rights ratio is the share of the votes exercisable at a shareholders’ meeting that will be held after this transaction.
Execution Date / Effective DateThe transfer is scheduled to be completed promptly once the necessary procedures are in place
Target company
Financial instrument trading business
Location Chuo-ku, TokyoShare capital ¥100 millionDate of incorporation 8 November 2019
Consideration and expenses
Acquisition priceNot disclosed in light of the confidentiality obligations under the share transfer agreement
Impact on Business Performance
The impact on the Company's consolidated results is expected to be immaterial. If any matters requiring disclosure arise in the future, the Company will promptly announce them.
Procedures and assumptions
Valuation methodologyDetermined through comprehensive consideration of negotiations with the counterparty following a fair process, the target company's recent results and financial condition, and its future earnings outlook, among other factors
Conditions Precedent to ExecutionCompletion of the necessary procedures
Management structure after acquisitionThere will be no change to CHEER証券's legal identity or status as a financial instruments business operator, and the transfer will have no effect on customers' transactions. The corporate name, representative, and treatment of employees are not disclosed
| Item | Details |
|---|---|
| Transaction name | This share transfer |
| Counterparty name | Toss Global Pte. Ltd. |
| Name of the Subject Company | CHEER証券株式会社 |
| Business Description of the Subject Company | Financial instrument trading business |
| Location of the Subject Company | Chuo-ku, Tokyo |
| Capital Stock of the Subject Company | ¥100 million |
| Date of Establishment of the Subject Company | 8 November 2019 |
| Acquisition price | Not disclosed in light of the confidentiality obligations under the share transfer agreement |
| Number of shares acquired | 955,000 shares (number of voting rights: 955,000) |
| Voting rights ownership percentage | Before 100％ → after 0％ |
| Impact on Business Performance | The impact on the Company's consolidated results is expected to be immaterial. If any matters requiring disclosure arise in the future, the Company will promptly announce them. |
| Execution Date / Effective Date | The transfer is scheduled to be completed promptly once the necessary procedures are in place |
| Valuation methodology | Determined through comprehensive consideration of negotiations with the counterparty following a fair process, the target company's recent results and financial condition, and its future earnings outlook, among other factors |
| Conditions Precedent to Execution | Completion of the necessary procedures |
| Management structure after acquisition | There will be no change to CHEER証券's legal identity or status as a financial instruments business operator, and the transfer will have no effect on customers' transactions. The corporate name, representative, and treatment of employees are not disclosed |
Items this document does not state (17)
Net Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionContract DateIndependent valuation institutionSpecial Committee
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.The transfer is intended to optimize management resources and advance the selection and concentration of the business portfolio. The Company also determined that collaboration with the Viva Republica Group would maximize the value provided to CHEER証券's customers and contribute to the company's future business expansion.
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