Strengthening the Malaysian Business Through the Acquisition of a Stake in Lein Hing Holdings
First written in FY2017-Q3. 1 of 3 entries say "Achieved", first in FY2018-Q1. Latest entry: FY2018-Q2.
0 other companies' latest entry also says "Restated".
- FY2018-Q2RestatedAnnual report
「In January 2018, the Company acquired shares in Lein Hing Holdings Sdn. Bhd., headquartered in Malaysia, making it a consolidated subsidiary, and is continuing to strengthen its business operations across Asia, including Japan.」
The acquisition and consolidation of Lein Hing Holdings as a subsidiary in January 2018, along with the execution of the strategy to strengthen the Asian business, continues to be confirmed. - FY2018-Q1AchievedAnnual report
「The Company acquired shares in Lein Hing Holdings Sdn. Bhd., headquartered in Malaysia, on 30 January 2018.」
The acquisition of shares in Lein Hing Holdings, approved and contracted in August 2017, was completed on 30 January 2018. The acquired voting rights ratio was 85%, and the acquisition cost was ¥3,956 million. - FY2017-Q3First statedAnnual report
「At a meeting of its Board of Directors held on 9 August 2017, the Company resolved to acquire shares in Lein Hing Holdings Sdn. Bhd., headquartered in Malaysia, hereinafter “Lein Hing Holdings,” and on the same day entered into a share transfer agreement with the company’s shareholders.」
The Company resolved to acquire shares in a major Malaysian wholesaler and entered into a share transfer agreement. The post-acquisition ownership ratio is expected to be 85%, the acquisition date has not been determined, and the acquisition is expected to be financed with internal funds.