November 9, 2021

Notification of the Subsidiary in Malaysia

ACOM is proud to announce that "ACOM (M) SDN. BHD.," the subsidiary established in Malaysia, decided to apply for the moneylender license as follows:

  1. Overview of License Application
    1. Purpose of Application
      Considering the possibility of business in Malaysia, the subsidiary will apply for the moneylender license.
    2. Application Destination
      Kementerian Perumahan dan Kerajaan Tempatan (KPKT)
    3. Application Schedule Late November 2021
    4. Other
      To apply for the moneylender license, ACOM will increase the capital of the subsidiary to 2 million RM.
  2. Overview of the Subsidiary after Capital Increase

(1)

Company Name

ACOM (M) SDN.BHD.

(2)

Head Office

Malaysia

(3)

Date of Incorporation

July 23, 2021

(4)

Capital Stock

2 million RM (approx. 53.5 million yen)

(5)

Business Outline

Money lending service and other related business

(6)

Composition of Shareholders

100 by ACOM

  1. Road Map/Future Plan
    The subsidiary will proceed with preparations for starting business after acquisition of the moneylender license.
  2. Impact on Business Performance
    Only a negligible impact is expected to the business results for the fiscal year ending March 2022.

ACOM CO., LTD.

Meiji Yasuda Seimei Bldg., 1-1, Marunouchi 2-chome,Chiyoda-ku, Tokyo, Japan

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Acom Co. Ltd. published this content on 09 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2021 06:42:15 UTC.