Mitsuboshi Co., Ltd.
Notice on the acquisition of a subsidiary through stock issuance (simplified share issuance) and cash consideration for the acquisition of a subsidiary, and the start of a new business
Through stock issuance (simplified share issuance), we will make Tenkai Trading a subsidiary, and together with cash consideration for the acquisition, we will pursue consolidation. A new Resources Innovation Division will be established to start the nonferrous metal recycling business, centering on the collection, import/export, and sale of copper scrap. The plan is designed to achieve mid-term goals while maintaining financial health and room for growth investments.
Key Figures
- Acquisition consideration: ¥150 million
- Share issuance ratio: 51% (handling of Tenkai Trading's issued shares)
- New share issuance: 173,300 shares
- Dilution: 3.87%
AI要約
Overview of the new business and organizational restructuring
We will implement a simplified share issuance to make Tenkai Trading a subsidiary, with the subsidiary acquired through cash consideration to pursue consolidation. Under the newly established Resources Innovation Division, we will commence the nonferrous metal recycling business, with copper scrap collection, import/export, and sales as the core operations.
Financial conditions, acquisition terms, and long-term strategy
The share issuance ratio is planned in the range of 375–528 (units implied), with a target to acquire 51% of Tenkai Trading's outstanding shares. The acquisition consideration is ¥150 million, determined based on third-party assessment by Stewart McLaren. By combining cash acquisition and stock issuance, we aim to balance liquidity preservation and dilution, expand the resource circulation business, and enhance corporate value over the medium to long term.
Mitsuboshi Co., Ltd.
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