V Technology Co., Ltd.
Notice on Transfer of Interests in Consolidated Subsidiaries (Change in Grandchild Companies)
Consolidated subsidiary VIC will transfer all its interests in VSC and IMEC, and VSC and IMEC are expected to be excluded from the consolidated scope. The transferee is Tinglin Start-up Factory (Kunshan) Investment Co., Ltd. The transfer schedule is contract signing on 2026-10-30 and execution on 2026-11-30. The impact on the fiscal year ending March 2027 is expected to be minor.
Key Figures
- Shares transferred: VSC 40.0%, IMEC 50.0%
- Transferee: Tinglin Start-up Factory (Kunshan) Investment Co., Ltd.
- Schedule: Transfer agreement signing date 2026-10-30, Transfer execution date 2026-11-30
AI要約
Overview of the Event
V Technology Co., Ltd. has resolved to transfer all interests held by its consolidated subsidiary Weiteke (China) Investment Co., Ltd. (VIC) in Weiteke Huancai Optoelectronics Technology (Kunshan) Co., Ltd. (VSC) and Aimeike Agricultural Technology (Suzhou) Co., Ltd. (IMEC), and VSC and IMEC are expected to be excluded from the consolidated scope. The transferee is Tinglin Start-up Factory (Kunshan) Investment Co., Ltd., and the shares to be transferred are 40.0% for VSC and 50.0% for IMEC respectively. The transfer consideration is undisclosed.
Background and Impact
Under a policy to review the business portfolio, focus resources on growth areas, and strengthen the financial position, the company plans to transfer VSC and IMEC, which have continued poor performance, resulting in their removal from the consolidated group. The impact of this transaction on the consolidated results for the fiscal year ending March 2027 is expected to be minor, and any additional disclosure items will be announced promptly.
V Technology Co., Ltd.
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