Making PRIMATE SHIPPING S.A. a wholly owned subsidiary
First written in FY2020. 1 of 3 entries say "Restated". Latest entry: FY2022.
Meiji Shipping Group moved to the "Worse" side of this theme in 2022, 2 years before the typical company in this theme (2024).
3 other companies' latest entry also says "Reframed".
- FY2022ReframedAnnual report
「On 1 January 2022, ESTEEM MARITIME S.A. absorbed and merged with PRIMATE SHIPPING S.A. and T. &M. MARITIME S.A.」
Following PRIMATE SHIPPING S.A.'s conversion into a wholly owned subsidiary, its corporate structure was reorganized when it was absorbed by ESTEEM MARITIME S.A. on 1 January 2022. - FY2021-Q1RestatedAnnual report
「At a meeting of its board of directors held on 31 March 2020, the consolidated subsidiary 東明汽船株式会社 resolved to acquire additional shares of the company's consolidated subsidiary PRIMATE SHIPPING S.A. and make it a wholly owned subsidiary, and completed the acquisition on 10 April 2020.」
The additional acquisition of shares in PRIMATE SHIPPING S.A. and its conversion into a wholly owned subsidiary, including the acquisition date, were reconfirmed. - FY2020First statedAnnual report
「The transaction is intended to further accelerate decision-making by making the consolidated subsidiary PRIMATE SHIPPING S.A. a wholly owned subsidiary. Consideration for the acquisition: Cash, ¥348.192 million」
東明汽船㈱ acquired additional shares of PRIMATE SHIPPING S.A. and made it a wholly owned subsidiary on 10 April 2020. The acquisition consideration was ¥348.192 million, and the transaction was intended to accelerate decision-making.