さいか屋 – quoted at the limit-down level with sell orders dominant; share exchange ratio with AFC-HD determined, share price converging toward theoretical value (Traders Web)

Saikaya announced a plan to become a wholly owned subsidiary of AFC-HD AMS Life Science through a share exchange. The share exchange ratio was announced as 10:3, and the theoretical share price was calculated at ¥262.

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The story

Saikaya formally announced its plan to become a wholly owned subsidiary of AFC-HD AMS Life Science through a share exchange. The announced share exchange ratio was 10:3 for Saikaya:AFC-HD.

AFC-HD’s closing share price on the 19th was ¥874, based on which Saikaya’s theoretical share price was calculated at ¥262. The share price has been moving toward the level implied by the share exchange ratio.

Saikaya was at the limit-down sell indication, and trading on the exchange continued.

The announcement indicates progress toward Saikaya becoming a wholly owned subsidiary of AFC-HD AMS Life Science through a share exchange.

At a glance

StakeThe share exchange ratio was announced as 10:3

Theoretical share priceThe theoretical share price was calculated at ¥262

SituationSaikaya was at the limit-down sell indication

ScopeSaikaya and AFC-HD AMS Life Science

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