Resonac Holdings Corporation
Notice of Completion of Partial Spin-Off of Kurasas Chemical (Petrochemical Business)
Completed a partial spin-off of the petrochemical business. The equity ratio of Kurasas Chemical shares held by Resonac Holdings Corporation is 18.57%, and Kurasas Chemical is no longer a consolidated subsidiary and is excluded from equity-method affiliates. The book value of assets distributed as an in-kind dividend is 37,989,829,147 yen, 199.02 yen per share, distribution asset ratio 0.085. The impact on consolidated results is under review.
Key Figures
- Book value of distributed assets: 37,989,829,147 yen (199.02 yen per share)
- Distribution asset ratio: 0.085
- Equity ratio of Kurasas Chemical shares: 18.57%
AI要約
Overview
Today, a partial spin-off of Kurasas Chemical Co., Ltd. was executed, resulting in an in-kind dividend. As a result, Resonac Holdings Corporation's equity ratio in Kurasas Chemical is 18.57%, and Kurasas Chemical is no longer a consolidated subsidiary and is excluded from equity-method affiliates. The book value of assets distributed as the in-kind dividend is 37,989,829,147 yen, and the value per share is 199.02 yen. The tax distribution asset ratio has been confirmed at 0.085.
Financial Impact and Future Disclosures
Following execution of the in-kind dividend, accounting treatment related to loss of control over Kurasas Chemical under IFRS-based consolidated financial statements will be carried out. The amount of impact this spin-off will have on the Company's consolidated results is currently being examined, and disclosures will be made promptly if there are items to report.
Resonac Holdings Corporation
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