Kpp Group Holdings (9274) · InitiativeAdvanced
Subscription to a Third-Party Allotment Capital Increase of 慶真紙業貿易（上海）有限公司
First written in FY2021-Q3. 1 of 2 entries say "Advanced", first in FY2021. Latest entry: FY2021.
2entries
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Investment and business expansion through subscribing to a third-party allotment capital increase by a Chinese companyA theme 1 companies write about · 0 as a headwind · 1 as a tailwind
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- FY2021AdvancedAnnual report
「The transaction was carried out to strengthen the financial position through a third-party allotment capital increase and secure the funds needed for further business expansion.」
The underwriting of the third-party allotment capital increase by 慶真紙業貿易（上海）有限公司 was completed on 28 October 2020, and acquisition consideration of ¥1,959 million was recorded. The measure to strengthen the financial position and secure funds for business expansion has moved to the implementation stage. - FY2021-Q3First statedAnnual report
「The transaction was carried out to strengthen the financial position through a third-party allotment capital increase and secure the funds needed for further business expansion. Consideration for the acquisition (cash and deposits): ¥1,959 million (US$18.7 million). Business combination date: 28 October 2020」
The company underwrote a third-party allotment capital increase by 慶真紙業貿易（上海）有限公司, investing ¥1,959 million. This is disclosed for the first time as a measure intended to strengthen the financial position and secure funds for further business expansion.