Latest news with #subsidiary
Yahoo
2 days ago
- Business
- Yahoo
Ubisoft Names Co-CEOs of Tencent-Backed Subsidiary
Ubisoft Entertainment appointed two co-chief executives to lead a new subsidiary that the Assassin's Creed maker is creating with financial support from Chinese internet giant Tencent Holdings. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
4 days ago
- Business
- Globe and Mail
Nidec Announces the Disclosure of the Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2026, Exceeding 45 Days After the Quarter-End
Nidec Corporation (TOKYO: 6594; OTC US: NJDCY) (the 'Company') hereby announces that the scheduled disclosure date of the financial results for the first quarter of the fiscal year ending March 31, 2026, will exceed 45 days after the quarter-end, as detailed below. 1. Reason for the Delay in the Disclosure of the Financial Results As announced in our press release dated June 26, 2025, titled "Notice concerning board of directors' resolution of application for approval of deadline extension for submission of securities report for 52nd fiscal year," the Company is continuing additional investigations concerning issues related to trade transactions and customs issues involving one of our consolidated subsidiaries. Consequently, the consolidated financial statements for the fiscal year ended March 31, 2025, have not yet been finalized. Furthermore, as stated in our press release dated June 27, 2025, titled "Notice concerning approval of deadline extension for submission of the securities report for the fiscal year ended March 31, 2025," we are working to submit the annual securities report for the fiscal year ended March 31, 2025, by the extended deadline of September 26, 2025. However, due to the ongoing additional investigations mentioned above, delays have also occurred in the procedures for the financial results for the first quarter of the fiscal year ending March 31, 2026. As a result, the disclosure of the financial results for the first quarter of the fiscal year ending March 31, 2026, will be postponed. 2. Future Disclosure Schedule The new disclosure date for the financial results for the first quarter of the fiscal year ending March 31, 2026, will be announced promptly once determined. We sincerely apologize for any inconvenience and concern this may cause to our shareholders, investors, and other stakeholders.
Argaam
5 days ago
- Business
- Argaam
National Building raises subsidiary's capital to SAR 300M
National Building and Marketing Co. (NBM) increased the capital of its subsidiary, Ajeej Steel Manufacturing Co. (a closed joint stock company), from SAR 180 million to SAR 300 million. In a statement to Tadawul, NBM said the subsidiary's share capital will be raised from 180 million to 300 million ordinary shares under this transaction. The SAR 120 million capital increase was covered from the shareholders' current account, it added. This step is a part of supporting the growth and expansion plans of its subsidiary, which will strengthen NBM's financial position and positively reflect on its consolidated results.
Yahoo
20-06-2025
- Automotive
- Yahoo
Hyundai establishes directly-owned distributor in Malaysia
Hyundai Motor Company announced that it has established a new subsidiary in Malaysia, giving the South Korean brand a direct presence in South-east Asia's second-largest market. The new company, Hyundai Motor Malaysia (HMM) – headquartered in Kuala Lumpur, will effectively take over as Hyundai's distributor in the country from local conglomerate Sime Darby, while continuing to use the company's dealer network. Sime Darby's automotive division, Sime Darby Motors, has vehicle distribution and dealer operations across the Asia-Pacific region, for brands such as BMW, Mini, Rolls-Royce, Ford, Land Rover, Porsche, Suzuki and Mitsubishi. It also has a majority-owned contract assembler, Inokom Corporation, located in Malaysia's Kedah State. Hyundai confirmed that the new company will assume full responsibility in Malaysia for the brand's 'marketing, sales and customer experience, with a dedicated local team empowered to make faster, market-relevant decisions and deliver a more connected, customer-first approach. This is underpinned by deeper market commitment, enhanced customer engagement and a renewed focus on innovation and long-term growth.' HMM will allow Hyundai to 'actively expand its dedicated Malaysian team, laying the foundation for a robust nationwide dealer network.' The new company is expected to employ around 100 people by the end of the year. Jeffrey Gan, managing director of Sime Darby Motors, said in a statement: "We are proud to have played a pivotal role in Hyundai's growth in Malaysia. As Hyundai embarks on its next phase, we remain committed to supporting its sales and aftersales operations, ensuring continuity, confidence, and a seamless service experience for existing and future Hyundai customers.' Hyundai's vehicles are currently assembled locally by Inokom, at its facility in Kedah State. The South Korean automaker is currently building a new MYR 2.2 billion (US$ 520 million) vehicle production plant in Kedah in collaboration with Inokom, which is expected to become operational in the third quarter of 2025. Hyundai confirmed that it plans to launch three new SUV and MPV models in Malaysia in the near future. "Hyundai establishes directly-owned distributor in Malaysia" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Wall Street Journal
02-06-2025
- Business
- Wall Street Journal
Rheinmetall Establishes New Subsidiary in South Africa
Rheinmetall RHM 1.70%increase; green up pointing triangle said it has established a new subsidiary in South Africa, Rheinmetall Resonant South Africa. The German arms maker said upon getting approval from the relevant authorities, its Rheinmetall Waffe Munition business holds a 51% stake in the joint venture.
