Hakuhodo DY to Cut Stake in UNITED Inc., Ending Subsidiary Status

MT Newswires Live

05-30

Hakuhodo DY Holdings (TYO:2433) unit Hakuhodo DY ONE plans to cut stake in UNITED Inc. (TYO:2497) to 49.5% by selling 1,930,000 shares for roughly 1.13 billion yen, according to a Tokyo Stock Exchange filing on Thursday.

The sale, scheduled for May 30, will shift UNITED from a consolidated subsidiary to an equity-method affiliate.

The move aims to dissolve the parent-subsidiary listing relationship and enhance UNITED's independence.

The financial impact of the transaction is expected to be immaterial, Hakuhodo DY Holdings said.

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(TYO:2497) to 49.5% by selling 1,930,000 shares for roughly 1.13 billion yen, according to a Tokyo Stock Exchange filing on Thursday.</p><p>The sale, scheduled for May 30, will shift UNITED from a consolidated subsidiary to an equity-method affiliate.</p><p>The move aims to dissolve the parent-subsidiary listing relationship and enhance UNITED's independence.</p><p>The financial impact of the transaction is expected to be immaterial, Hakuhodo DY Holdings said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2539524001","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2539524001","pubTimestamp":1748598376,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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