FinTech Global Incorporated : (Progress on disclosed item) Notice Regarding Subsidiary’s Third-Party Allocation of Shares and Change in Subsidiary Status
August 09, 2019 at 04:41 am EDT
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UNOFFICIAL TRANSLATION
The official press release is in Japanese.
Company Name:
FinTech Global Incorporated
Representative:
Nobumitsu Tamai, President and CEO
Stock Listing:
Tokyo Stock Exchange Mothers Section
Stock Code:
8789
Inquiries:
Takashi Senda, Member of the Board,
Senior Executive Officer
Tel:
050-5964-3978
(Progress on disclosed item)
Notice Regarding Subsidiary's Third-Party Allocation of Shares and Change in Subsidiary Status
August 9, 2019-FinTech Global Incorporated (hereafter, "FGI" and "the Company") disclosed in "Notice Regarding Subsidiary's Third-Party Allocation of Shares and Change in Subsidiary Status," dated June 14, 2019, that the Company would execute a third-party allocation of shares for Adacotech Incorporated and that the company would be removed from the scope of consolidation and become an affiliate accounted for under the equity method. FGI can confirm now that a gain on change in equity (extraordinary profit) has been booked in line with this event as of the third quarter of fiscal 2019. Details are provided below.
Details
Amount booked as gain in change on equity Consolidated: ¥120 million
Outlook
For details, please read Summary of Financial Statements for the First Three Quarters of Fiscal 2019 [under Japanese GAAP] (Consolidated)," posted today.
END
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FGI - FinTech Global Inc. published this content on 09 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2019 08:40:07 UTC
FinTech Global Incorporated is a financial service provider engaged in the investment banking business, real estate business, public consulting business, entertainment and service business. It has four segments. Investment Banking segment is engaged in the investment banking and corporate investment business, including finance arrangement, public finance, financial advisory, asset management and asset investment. The Real Estate segment conducts welfare services business, real estate brokerage, real estate development, real estate sales, real estate leasing. The Public Consulting segment engages in the preparation of financial documents, support for maintenance of fixed assets ledger, comprehensive management plan of public facilities, and formulation support business. The Entertainment Service segment conducts the development, holding, management, operation of the theme park, and eating and drinking business.
FinTech Global Incorporated : (Progress on disclosed item) Notice Regarding Subsidiary’s Third-Party Allocation of Shares and Change in Subsidiary Status