LY Corporation
(Progress Disclosure) Notice Regarding Change in Completion Timing of Acquisition of Shares of Consolidated Subsidiary (LINE MAN CORPORATION PTE. LTD.)
The completion timing for additional acquisition of LMWN shares through LMWN is postponed until the end of January 2027. The impact on the current consolidated results is expected to be minor, and the acquisition remains ongoing. Upon finalization, the number of shares and voting rights ratio related to the additional capital partnership are expected to be 85,344,082 shares and 63.7%, respectively.
Key Figures
- Number of shares to be acquired: 12,428,298 shares
- Investment amount: USD 130M
- Number of shares owned indirectly: 85,344,082 shares
- Voting rights ratio: 63.7%
- Completion timing: Postponed until the end of January 2027
AI要約
Key Points
LY Corporation announced a plan to postpone the completion timing of the additional acquisition through its consolidated subsidiary LINE MAN CORPORATION PTE. LTD. until the end of January 2027. The delay is due to prolonged adjustments among the contracting parties concerning the new capital injection agreement, and the impact on the current consolidated results is expected to be minor.
Shareholders and Future Impact
If the additional acquisition is completed, the number of LMWN shares owned indirectly will be 85,344,082 shares, and the voting rights ratio will be 63.7%. At this time, the company explains that direct impacts on other financial indicators are limited.
LY Corporation
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