In today’s briefing:
- Dissolution of Parent-Subsidiary Listing Is Just Beginning. Included Affiliates, It’ll Grow Further
Dissolution of Parent-Subsidiary Listing Is Just Beginning. Included Affiliates, It’ll Grow Further
- With the TSE requiring disclosure of rationale regarding parent-subsidiary listings, etc., it is certain that more companies will move to dissolve parent-subsidiary listings.
- The background for the high TOB premium in Japan was that many companies had stock prices considerably lower than their intrinsic value.
- There are total of 1,217 companies: 230 listed subsidiaries and 987 equity method affiliates. In addition to this, industry restructuring is also required; there are still numerous opportunities for TOB.
Before it’s here, it’s on Smartkarma
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