RS Technologies Co., Ltd.
Notice of organizational restructuring of the consolidated subsidiary (Prime Wafer business)
Resolves to reorganize the Prime Wafer business centered on making GRITEK a wholly owned subsidiary, while also financing through new share issuance. The target companies are SGRS and SDGRITEK. Completion is planned for 2027, with GRITEK maintained as a consolidated subsidiary.
Key Figures
- SGRS shareholding to be acquired 71.89% (current holding 28.11%)
- SDGRITEK shareholding to be acquired 14.98% (current holding 85.02%)
- Expected completion date 2027 (planned)
AI要約
Overview of the organizational restructuring
By making SGRS and SDGRITEK 100% subsidiaries, GRITEK will integrate the management structure of the Prime Wafer business, aiming to create synergy in procurement, production, and sales and strengthen the supply chain. The transaction is predicated on the signing of a share transfer agreement, with audits, evaluations, and due diligence ongoing. The final acquisition price and percentage are undecided.
Schedule and funding going forward
Completion is planned for 2027. GRITEK is scheduled to raise funds through new share issuance, with proceeds expected to be used for payment of consideration, working capital for the target company, debt repayment, and capital investment. Specific uses of funds are to be disclosed in published major asset restructuring reports, etc.
RS Technologies, Ltd.
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