TOKYO, May 22 (Pulse News Wire) – Cosel CO.,LTD. (6905.T) amended its previous announcement regarding the transfer of shares held in Powerbox International AB, a subsidiary, to SCUR-Alpha 820 GmbH, a special purpose vehicle indirectly owned by HYPAX GmbH.
The amendment clarifies that the resolution was made during today's board meeting and the share transfer agreement was signed immediately thereafter. Prior to the amendment, the announcement stated that the transfer would continue certain transactions involving mutual products and loans post-transfer. However, the corrected version specifies that ongoing transactions will involve sales of COSEL’s products and purchases of Powerbox International AB’s products, alongside continued loan-related dealings. Regarding financial details, the capital of Powerbox International AB stands at ¥27,659 thousand SEK as of May 20, 2026.
The latest three-year performance shows per-share net assets of 4.68 SEK for the fiscal year ending April 2023, 5.68 SEK for April 2024, and 4.40 SEK for April 2025. An impact assessment of the share transfer on COSEL’s consolidated results for the fiscal year ending May 2026 is currently underway. The findings will be disclosed during the May 2026 earnings release. Any additional significant developments will be communicated promptly.
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