AEON Financial Service Co., Ltd.
Notice Regarding the Cancellation of the Simplified Share Exchange to Make a Consolidated Subsidiary a Wholly Owned Subsidiary
Aeon Financial Service Co., Ltd. has resolved to cancel the plan to make ACS Credit Management and Recovery Co., Ltd., a consolidated subsidiary, a wholly owned subsidiary through a simplified share exchange.
Key Figures
- Transaction Type: Wholly Owned Subsidiary via Simplified Share Exchange
- Target Company: ACS Credit Management and Recovery Co., Ltd.
- Transaction Price: Unknown
- Scheduled Completion Date: December 2025
- Expected Synergies: Unknown
AI要約
Overview of the Transaction
Aeon Financial Service Co., Ltd. had announced on November 28, 2025, a plan to make its consolidated subsidiary ACS Credit Management and Recovery Co., Ltd. a wholly owned subsidiary through a simplified share exchange scheduled for December 23, 2025; however, on December 22, 2025, the Board of Directors resolved to cancel this share exchange. The transaction price is unknown, and the scheduled completion date was December 23, 2025.
Purpose and Background of the Transaction
This share exchange was planned as part of a portfolio review to provide customers with services that are "always, anywhere, safe, secure, convenient, and advantageous," and to achieve corporate growth by allocating resources to core and growth areas overseas in the settlement business. However, it was cancelled because a reexamination of the scheme itself was deemed necessary. There is no impact on consolidated financial results.
