TOKYO, May 20 (Pulse News Wire) – Cosel CO.,LTD. (6905.T) announced today that its board of directors approved the sale of all shares held in subsidiary Powerbox International AB to SCUR-Alpha 820 GmbH, a special purpose vehicle indirectly owned by HYPAX GmbH.
The share transfer agreement was signed . As a result, Powerbox International AB will be delisted from COSEL's consolidated subsidiaries. Powerbox International AB, based in Stockholm, Sweden, specializes in power supply design, development, production, and sales.
COSEL determined that divesting the subsidiary aligns best with their strategic portfolio optimization and capital efficiency goals. Post-sale, COSEL plans to continue product-related transactions with Powerbox International AB and renegotiate loan agreements outside the scope of the share transaction. Key details of the transaction include: - Number of shares transferred: 27,659,551 (voting rights ratio: 100%) - Pre-transfer voting rights ratio: 100% - Post-transfer voting rights ratio: 0% The share transfer is scheduled to take place in August 2026.
COSEL expects to disclose the impact on its fiscal year ending May 2026 during the subsequent earnings release.
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