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M&A and Subsidiary Changes8793NEC Capital Solutions LimitedFinancials (excluding banks)

Notice Regarding a Change in a Specified Subsidiary

The Company plans to establish NCS Holdings AU Pty Ltd as a wholly owned subsidiary and invest AUD 18,600,000 in it for the purpose of investing in an Australian hospital PPP operating company. As a result, NCS Holdings AU Pty Ltd is expected to become a specified subsidiary of the Company.

Worth reading
42Recurring
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Direction
Neutral
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Scale
18600000
AUD
Wording
Avoiding a definitive answer
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.

The Company plans to establish NCS Holdings AU Pty Ltd as a wholly owned subsidiary and invest in it for the purpose of acquiring part of the shares of an operating company for a hospital PPP business in Australia. The amount of its capital is expected to be equivalent to at least 10% of the Company's capital, meaning that it is expected to qualify as a specified subsidiary.

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Notice Regarding a Change in a Specified Subsidiary | NEC Capital Solutions Limited (8793) timely disclosure | Komori