Shin-Etsu Polymer Co.,Ltd.
Shin-Etsu Polymer Group Announces Acquisition of Prestige Dynamics Industries Sdn.Bhd. Shares (Subsidiarization)
Shin-Etsu Polymer Singapore Pte.Ltd., the consolidated subsidiary, will acquire all shares of Prestige Dynamics Industries Sdn.Bhd. to become a 100% subsidiary. The acquisition date is December 31, 2026 (planned); the transfer agreement is October 1, 2026 (planned). The impact on consolidated results for the current period is expected to be minor, with prompt disclosure if additional information becomes available.
Key Figures
- Number of shares acquired: 2,000,000 shares (post-transaction ownership: 2,000,000 shares, 100% voting rights)
- Date of share transfer execution: December 31, 2026 (planned)
- Date of share transfer contract conclusion: October 1, 2026 (planned)
AI要約
Overview
This matter states that the consolidated subsidiary Shin-Etsu Polymer Singapore Pte.Ltd. will acquire all outstanding shares of Prestige Dynamics Industries Sdn.Bhd., based in Malaysia, to become a subsidiary. The purpose is to combine the company's mold and jig design/manufacturing technology with our resin processing technology and sales network to strengthen product development capabilities and cost competitiveness, and to reinforce overseas production. The transfer agreement is scheduled for October 1, 2026, with the actual execution date planned for December 31, 2026.
Outlook and risks
The impact on its consolidated results for the fiscal year ending March 2027 is expected to be minor. If any matters requiring disclosure arise, they will be promptly announced. Public information is limited, and due to confidentiality obligations of the transfer agreement, management performance and financial position are not disclosed.
Shin-Etsu Polymer Co.,Ltd.
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