RS Technologies Co., Ltd.
Notice of Partial Sale of Shares in Chinese Consolidated Subsidiary
Plans to sell 12,500,000 shares (1% of issued shares) of Chinese consolidated subsidiary Gritek for approximately 3.494 billion yen between February 11 and May 8, 2026.
Key Figures
- Number of Shares Sold: 12,500,000 shares (1% of issued shares)
- Estimated Sale Price: Approximately 3.494 billion yen
- Sale Period: February 11 to May 8, 2026
AI要約
Overview of Share Sale
RS Technologies Co., Ltd. has resolved to sell 12,500,000 shares (1% of issued shares) of its Chinese consolidated subsidiary, Gritek Semiconductor Silicon Materials Co., Ltd. (Gritek), for approximately 3.494 billion yen during the period from February 11 to May 8, 2026. The company will retain majority voting rights after the sale, and Gritek will continue to be a consolidated subsidiary.
Background of Sale and Use of Proceeds
Gritek became a consolidated subsidiary through an M&A in 2018, is listed on the STAR Market of the Shanghai Stock Exchange, and has shown growth with revenue approximately doubling and operating income increasing about fivefold. This partial share sale aims to support sustainable growth and enhance corporate value for the group overall. The proceeds from the sale will be allocated to growth investments such as M&A and capital expenditures. Specific uses will be disclosed when decided.
