share_log

Jトラスト---特定子会社の株式譲渡を発表

J-TRUST --- Announces the transfer of shares of a specific subsidiary.

Fisco Japan ·  Oct 17 10:16

J Trust <8508> announced on the 16th that the company and its subsidiary JTRUST ASIA PTE.LTD have decided to transfer all shares of their consolidated subsidiary (J Trust's grandchild company) J Trust Credit NBFI (hereinafter: JTM, Ulaanbaatar, Mongolia) to SBT (hereinafter: SBT, Yokohama, Kanagawa Prefecture) and enter into a conditional share transfer agreement. It should be noted that the approval of the Mongolian financial authorities is required for this share transfer. In addition, JTM will be excluded from the consolidation scope of J Trust and will be considered a transfer of specific subsidiary.

JTM in Mongolia mainly engages in automobile-related lending operations, but due to its small scale and the difficulty in creating synergy with the J Trust Group, it was considering the offer from SBT for acquisition of JTM after the acquisition.

SBT exports and sells used automobiles to over 150 countries and regions overseas, considering Mongolia as an important market. The participation of JTM in the SBT Group is expected to create new synergy, enhance services, and promote growth. It is believed that this will contribute to the reassessment of the value and future prospects of the existing business portfolio within the J Trust Group, ensuring liquidity through effective use of sale proceeds, and balancing profitability. The decision to transfer shares this time is aimed at reorganizing the business portfolio with consideration for maintaining balance in liquidity and profitability. The scheduled date for the share transfer is expected to be in December 2024.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment