FAMILYMART CO., LTD. May 24, 2018
Company Name:
FamilyMart UNY Holdings Co., Ltd. (Code No. 8028; First section of Tokyo Stock Exchange and Nagoya Stock Exchange)
Name of Representative: Koji Takayanagi, Representative Director and President
Notice on Change in Specified Company in Relation to Share Transfer
On May 24, 2018, the Board of Directors of FamilyMart UNY Holdings Co., Ltd. (the "Company" or "We") made a resolution on the sale of 100% of the share of UNY (HK) CO., LIMITED ("UNY HK"), a wholly owned subsidiary of the Company. As UNY HK will cease to be the Company's specified subsidiary, the Company hereby announces a chage in its specified subsidiary.
1．Backgroud
After reviewing UNY HK's business in pursuit of various opportunities, the Company today resoluted to sell 100% of the shares of UNY HK to Urban Kirin Limited in both UNY HK's and our best interests, a purchaser, whose ultimate parent company is Henderson Land Development Company Limited, a major real estate company group in Hong Kong, whereby UNY HK could aim for further growth under the group. We envisage reinforcing our management resources for the domestic market, thereby strengthening competitiveness furthermore.
2．Overview of UNY HK
(1)Name | UNY(HK) CO., LIMITED | |
(2)Address | Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong | |
(3)Name and representativetitleof | Kanji Ito, Representative Director and President | |
(4)Description of business | General retailer in Hong Kong | |
(5)Capital | 35,000 thousand HK dollars | |
(6)Date of establishment | December 3, 1985 | |
(7)Major shareholders and percentage held | FamilyMart UNY Holdings Co., Ltd. 100.00% | |
(8)Relationship Comapanywiththe | Capital | UNY HK is a wholly owned subsidiary of the Company. |
Human Resources | Two directors of the Company concurrently serve as directors at UNY HK. Four employees of the Company 's subsidiary are seconded to UNY HK. | |
Commercial | No notable commercial relationship with the Company. However, there are commercial transactions between the Company's subsidiary and UNY HK. | |
Two directors of the Company concurrently serve as
(9)Operating results and financial position of UNY HK for three years | |||
Fiscal year | November 2015 | November 2016 | November 2017 |
Total assets | HK$567millions (JPY8.0billions) | HK$486 millions (JPY6.9billions) | HK$488 millions (JPY6.9billions) |
Total equity | HK$383 millions (JPY5.4billions) | HK$304 millions (JPY4.3billions) | HK$314 millions (JPY4.4billions) |
Total equity per share | HK$10.95 (JPY155) | HK$8.69 (JPY123) | HK$8.98 (JPY127) |
Gross operating revenue | HK$1,096 millions (JPY15.5billions) | HK$1,150 millions (JPY16.3billions) | HK$1,090 millions (JPY15.4billions) |
Operating income | HK$37 millions (JPY0.5billions) | HK$51 millions (JPY0.7billions) | HK$35 millions (JPY0.5billions) |
Net income | HK$31 millions (JPY0.4billions) | HK$40 millions (JPY0.6billions) | HK$31 millions (JPY0.4billions) |
Net income per share | HK$0.87 (JPY12) | HK$1.15 (JPY16) | HK$0.87 (JPY12) |
Dividend per share | - (-) | HK$3.40 (JPY48) | HK$0.60 (JPY8) |
3．Overview of purchaser
(1)Name | Urban Kirin Limited | |
(2)Address | British Virgin Islands | |
(3)Name and representativetitleof | Fung Lee Woon King (director) Lee King Yue (director) Lee Ka Shing (director) Kwok Ping Ho (director) | |
(4)Description of business | An investment purpose entity, which is indirectly wholly-owned subsidiary of Henderson Investment Limited ("HIL"). HIL is an investment holding company and the principal activities of its subsidiaries are investment holding and department store operation in Hong Kong. HIL's shares are listed on the Main Board of The Stock Exchange of Hong Kong Limited. | |
(5)Capital | 1 US dollar | |
(6)Date of establishment | 3 May 2018 | |
(7)Major shareholders and percentage held | Newmarket International Limited 100.00% (being a direct wholly-owned subsidiary of HIL) | |
(8)Total assets | 1 US dollar | |
(10)Relationship Compnaywiththe | Capital | No notable relationship with the Company. |
Human Resources | No notable relationship with the Company. | |
Commercial | No notable relationship with the Company. | |
Related Party | Urban Kirin Limited is not a related party of the Company. | |
4．Number of shares to be sold and number of shares held by the Company before and after the sale
(1)Shares held before the sale | 35,000,000 shares (Voting rights held: 35,000,000) (Voting rights held as percentage: 100.0%) / Amount of investment: JPY2,107millions |
(2)Shares to be sold | 35,000,000 shares (Voting rights held: 35,000,000) |
(3)Shares held after the sale | 0 shares (Voting rights held: 0) (Voting rights held as percentage: 0.0%) |
Note: Transfer price is not dislosed due to confidential agreement entered into with parties in relation to the transaction
5．Schedule
(1)Resoluation of Board of Directors | May 24, 2018 |
(2)Sining | May 24, 2018 |
(3)Closing | May 31, 2018 (planned) |
6．Future Outlook
The impact of this sale on the Company's consolidated financials is expected to be minimal.
End
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Disclaimer
FamilyMart UNY Holdings Co. Ltd. published this content on 24 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 May 2018 08:37:03 UTC
