TOKYO, May 27 (Pulse News Wire) – LY Corporation (4689.T) announced today that it has received approval from Thai authorities for its planned additional share acquisition in LINE MAN CORPORATION PTE. LTD.
(LMWN). The company previously disclosed its intention to acquire LMWN shares through its subsidiary, LINE Southeast Asia Corp. PTE. LTD., in a notice dated September 11, 2025. As per the latest update, LY Corporation completed the initial acquisition of LMWN on September 30, 2025, but continued to seek regulatory approvals for further share purchases.
On May 14, 2026, the local authorities confirmed that no additional permits would be necessary for the proposed transaction. Looking ahead, LY Corporation plans to finalize the additional share acquisition by August 2026. According to the company, the impact on its consolidated operating results for the current fiscal period is expected to be minor due to LMWN's status as an existing affiliate. In addition, the indirect holding of LMWN shares and voting rights percentage post-acquisition are anticipated to stand at 81,046,672 shares and 60.9%, respectively. Notably, the total includes shares acquired from LMWN employees prior to the additional purchase, amounting to 77,561.
The voting rights calculation is based on the total number of outstanding shares as of May 27, 2026, plus the shares issued due to a capital increase noted in the previous disclosure dated September 11, 2025.
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