AViC (9554) · InitiativeAdvanced
Entry into the Chinese market through the establishment of a joint venture with GTL
First written in FY2024-Q1. 1 of 2 entries say "Achieved", first in FY2024-Q1. Latest entry: FY2024-Q2.
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Establishment of a joint venture with GTL to enter the Chinese marketA theme 1 companies write about · 0 as a headwind · 1 as a tailwind
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- FY2024-Q2AdvancedAnnual report
「As we established 艾唯克（海南）傳媒科技有限公司 (Note) during the current second quarter consolidated accounting period, it has been included in the scope of consolidation. As a result, our group now consists of our company and 2 consolidated subsidiaries.」
A new Chinese entity was established and incorporated as a consolidated subsidiary. This confirms concrete progress through the establishment of an additional entity as part of the existing strategy to enter the Chinese market, although the main text does not specify its relationship with GTL or its business purpose. - FY2024-Q1AchievedAnnual report
「At a meeting of the Board of Directors held on 18 December 2023, we resolved to establish a joint venture with 株式会社GTL through a joint investment, and established the joint venture effective 10 January 2024.」
A joint venture with 株式会社GTL was established effective 10 January 2024. Its purpose is to support entry into the Chinese market. Our investment ratio is 67%, GTL's is 33%, and the registered capital is RMB10 million (¥200 million).