Acquisition of shares in 米自動車 and conversion into a wholly owned subsidiary through a simplified share exchange
First written in FY2023-Q1. 1 of 2 entries say "Achieved", first in FY2023-Q2. Latest entry: FY2023-Q2.
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- FY2023-Q2AchievedAnnual report
「Based on a resolution of the Board of Directors dated 22 December 2022, we acquired part of the issued shares of 米自動車株式会社 on 31 January 2023 and conducted a simplified share exchange on 28 February 2023 under which our company became the wholly owning parent company and 米自動車 became the wholly owned subsidiary, making it a wholly owned subsidiary.」
米自動車 became a wholly owned subsidiary following the acquisition of part of its shares on 31 January 2023 and the simplified share exchange on 28 February 2023. - FY2023-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 22 December 2022, we resolved to acquire part of the issued shares of 米自動車株式会社 and conduct a share exchange under which our company would become the wholly owning parent company and 米自動車 would become the wholly owned subsidiary. On the same date, we entered into a share transfer agreement and a share exchange agreement.」
米自動車, which sells and purchases new and used vehicles in Japan and overseas and provides vehicle maintenance services, was scheduled to become a wholly owned subsidiary through a cash acquisition on 31 January 2023 and a share exchange on 28 February 2023. The acquisition cost was ¥599.734 million. The company aims to leverage 米自動車’s direct-to-consumer sales channels and luxury imported-vehicle maintenance expertise to sell automobiles directly and build long-term customer relationships.