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How definitive the wording is.This transaction
Dissolution and liquidationDisclosing companyMicroAd,Inc.
Date of board resolution29 September 2026
Execution Date / Effective DateThe liquidation is expected to be completed once the necessary procedures have been completed. The specific date has not been determined as of the present time.
Target company
Internet advertising business
Location SingaporeShare capital USD 3,700,517Date of incorporation 16 August 2012
Net SalesUSD 0 thousand (fiscal year ending September 2025)
Operating profitOperating loss of USD 81 thousand (fiscal year ending September 2025)
Net income for the current fiscal yearNet loss of USD 96 thousand (fiscal year ending September 2025)
Net assetsNet assets of USD 324 thousand (fiscal year ending September 2025)
Impact on Business Performance
The amount of the impact of this matter is under review. Once the review of the impact figures is complete, if an adjustment to the consolidated earnings forecast is required or a matter requiring disclosure arises, it will be disclosed promptly.
Procedures and assumptions
Conditions Precedent to ExecutionThe liquidation is expected to be completed once the necessary procedures have been completed.
Management structure after acquisitionThe Company will transition to a management structure under the direct control of the Japanese headquarters. Company name, representative, and treatment of employees: Not disclosed
| Item | Details |
|---|---|
| Transaction name | Dissolution and liquidation |
| Name of the Subject Company | MICROAD SINGAPORE PTE. LTD. |
| Business Description of the Subject Company | Internet advertising business |
| Location of the Subject Company | Singapore |
| Capital Stock of the Subject Company | USD 3,700,517 |
| Date of Establishment of the Subject Company | 16 August 2012 |
| Net Sales of the Subject Company | USD 0 thousand (fiscal year ending September 2025) |
| Operating Profit of the Subject Company | Operating loss of USD 81 thousand (fiscal year ending September 2025) |
| Net Income of the Subject Company | Net loss of USD 96 thousand (fiscal year ending September 2025) |
| Net Assets of the Subject Company | Net assets of USD 324 thousand (fiscal year ending September 2025) |
| Voting rights ownership percentage | Before 100% (our company) (after not disclosed) |
| Impact on Business Performance | The amount of the impact of this matter is under review. Once the review of the impact figures is complete, if an adjustment to the consolidated earnings forecast is required or a matter requiring disclosure arises, it will be disclosed promptly. |
| Date of board resolution | 29 September 2026 |
| Execution Date / Effective Date | The liquidation is expected to be completed once the necessary procedures have been completed. The specific date has not been determined as of the present time. |
| Conditions Precedent to Execution | The liquidation is expected to be completed once the necessary procedures have been completed. |
| Management structure after acquisition | The Company will transition to a management structure under the direct control of the Japanese headquarters. Company name, representative, and treatment of employees: Not disclosed |
Items this document does not state (16)
Counterparty nameAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Contract DateValuation methodologyIndependent valuation institutionSpecial Committee
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The group management structure was reviewed to establish an optimal global group structure and use management resources efficiently. As a result, it was determined that transitioning to direct management by the Japanese headquarters, thereby accelerating management decision-making and reducing management costs, would enhance corporate value.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.