Expansion of the trading area into southern Vietnam and the Mekong Delta through the acquisition of shares in Song Ma Retail Joint Stock Company
First written in FY2021-Q2. 1 of 2 entries say "Achieved", first in FY2021-Q3. Latest entry: FY2021-Q3.
No other company in this theme has enough history to compare yet.
- FY2021-Q3AchievedAnnual report
「The company acquired shares in Song Ma Retail Joint Stock Company, headquartered in the Socialist Republic of Vietnam, on 1 July 2021.」
The company completed the acquisition of shares in SMRC on 1 July 2021, following the agreement signed in April 2021. The acquired voting rights amounted to 100%. - FY2021-Q2First statedAnnual report
「At a Board of Directors meeting held on 1 April 2021, the company resolved to enter into a share transfer agreement to acquire shares in Song Ma Retail Joint Stock Company, headquartered in the Socialist Republic of Vietnam, and entered into the agreement with the company’s shareholders on 2 April 2021. SMRC is a wholesale company whose main operating area is southern Vietnam, centered on Ho Chi Minh City and the Mekong Delta. The Group already operates in Vietnam, mainly in Hanoi in the north and Ho Chi Minh City in the south, and aims to expand its trading area farther south from Ho Chi Minh City into the Mekong Delta through this acquisition.」
The company entered into a share transfer agreement with SMRC on 2 April 2021. The acquisition date had not been determined and was subject to procedures under the relevant laws and regulations, but the ownership interest after the acquisition was expected to be 100%. SMRC’s revenue for fiscal 2019 was VND 475.7 billion.