Hybrid Technologies Co.,Ltd. [4260.T]
TOKYO, Jun 08 (Pulse News Wire) – Hybrid Technologies CO.,LTD. (4260.T) announced today that Soltec Investments Pte.
Ltd., previously considered a related party, no longer meets the criteria for such classification due to changes in its operations and influence on the company. On August 21, 2025, Soltec Investments agreed to exercise voting rights in alignment with Hybrid Technologies' interests, leading to Hybrid Technologies being deemed a subsidiary of Airtri Corp. However, subsequent discussions with audit firms revealed that Soltec's impact had diminished significantly. Additionally, Soltec shifted its focus away from active business activities, focusing solely on asset management.
Scholars Yu Si remains the director of Soltec Investments, which is headquartered at 10 Anson Road, #14-06 International Plaza, Singapore. As of March 31, 2026, Scholers Yu Si holds a 14.89% stake in Soltec Investments, unchanged since the previous assessment. Prior to the reclassification, Soltec held 38,647 shares directly, representing 14.89% of total outstanding shares based on data as of March 31, 2026. Post-reclassification, Soltec no longer qualifies as a related party but retains the same shareholding percentage and number of shares.
This reclassification does not affect Hybrid Technologies' operating performance or financial outlook.
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