Making Kawasaki Kisen Kaisha, Ltd. a Wholly Owned Subsidiary Through a Share Exchange and Integrating Management Resources
First written in FY2022. 1 of 2 entries say "Achieved", first in FY2023-Q1. Latest entry: FY2023-Q1.
No other company in this theme has enough history to compare yet.
- FY2023-Q1AchievedAnnual report
「Based on a resolution of the Board of Directors adopted on 16 March 2022, the company entered into a share exchange agreement on the same date with its consolidated subsidiary 川崎近海汽船株式会社 (hereinafter, 川崎近海汽船), with the aims of making optimal and efficient use of the group's management resources, further aligning business strategies between the two companies and strengthening their competitiveness. The company implemented the share exchange, with 1 June 2022 as the effective date.」
Regarding the share exchange with 川崎近海汽船, the company confirmed that it made the company a wholly owned subsidiary effective 1 June 2022, including the accounting treatment and issuance of new shares. - FY2022First statedAnnual report
「Based on a resolution of the Board of Directors adopted on 16 March 2022, the company entered into a share exchange agreement on the same date with its consolidated subsidiary 川崎近海汽船株式会社, with the aims of making optimal and efficient use of the group's management resources, further aligning business strategies between the two companies and strengthening their competitiveness, and implemented the share exchange on 1 June 2022.」
The company entered into a share exchange agreement with 川崎近海汽船 and made it a wholly owned subsidiary on 1 June 2022. The share exchange ratio was 1 share of the company to 0.58 shares of 川崎近海汽船, 888,234 shares were issued, and the acquisition cost was approximately ¥9 billion.