Structural reform of the packaged products business through the conversion of VAP into a wholly owned subsidiary
First written in FY2018. 1 of 2 entries say "Achieved", first in FY2019-Q1. Latest entry: FY2019-Q1.
No other company in this theme has enough history to compare yet.
- FY2019-Q1AchievedAnnual report
「This share exchange was carried out on 1 July 2018, making VAP a wholly owned subsidiary through a share exchange. In connection with the share exchange, we delivered 2,679,000 shares of our common stock.」
The planned transaction to make VAP a wholly owned subsidiary was completed on 1 July 2018. Treasury shares were used for the shares delivered, and no new shares were issued. - FY2018First statedAnnual report
「To overcome these difficult circumstances, we and VAP conducted careful discussions and decided to make VAP our wholly owned subsidiary, enabling rapid decision-making and accelerating its structural reform. This will establish a structure that facilitates the development of new businesses, including distribution and overseas expansion, under the group's comprehensive content strategy.」
The company announced plans to enter into a share exchange agreement on 10 May 2018 and make VAP a wholly owned subsidiary effective 1 July 2018.