TOKYO, Mar 16 (Pulse News Wire) – Penta-ocean Construction CO.,LTD. (1893.T) announced today that its subsidiary, Japan Offshore Marine Corporation (JOM), resolved to increase its stake in another subsidiary, Japan Offshore Marine DK ApS (JOMDK), through a physical capital contribution during a board meeting held .
This move will result in Penta-Ocean's investment in JOMDK exceeding 10% of its capital, making JOMDK a significant subsidiary. JOMDK was established to operate the upgraded SEP vessel “Sea Challenger” overseas until it can be transferred to domestic waters with Japanese registry. The physical capital contribution involves transferring debt held by JOM to JOMDK.
Key details of JOMDK include: - Established on February 18, 2025 - Located in Kongens Kvarter, Fredericia, Denmark - Directors: Bart Vandemeulebroucke, Frank Robert G. Jonckheere, and Ichiro Kodomo - Business scope: Ownership and leasing of offshore wind operation vessels - Pre-investment capital: €5,380 (approximately ¥990,000) - Post-investment capital: €40,331,701 (approximately ¥7.400 billion) The planned€40,326,321(7,412,784,306),20263,Penta-OceanJapan Offshore Marine Kabushiki Kaisha100% Looking ahead, the company does not anticipate any impact on its current performance due to this transaction. However, any future effects on operations will be promptly disclosed.
Note that the conversion rate used for yen calculations is 1 euro = ¥183 (as of March 2026).
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