TPE:2945

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Simple Mart Retail to Inject NT$300 Million into Unit OKMart

Simple Mart Retail's (TPE:2945) board approved to subscribe to 30 million shares in subsidiary OKMart for NT$300 million, according to a Tuesday Taiwan Stock Exchange filing.Shares slid about 2% in Wednesday's late morning trade.The shares will be subscribed at NT$10 each through a cash capital increase, with payment to be made in a lump sum.Simple Mart currently holds 162 million OKMart shares, representing a 100% stake.Simple Mart said the subscription will strengthen OKMart's working capital and expand its business operations.The funds will come from Simple Mart's own funds and bank loans, it said.

TPE:2945

Asia1h ago

Simple Mart Retail to Spin Off Retail Business to OKmart, Rebrand as Holding Company

Simple Mart Retail (TPE:2945) will spin off its retail channel business to its unit, OKmart, effective Jan. 1, 2027, according to a Tuesday Taiwan Exchange filing.The business to be transferred has an estimated value of NT$250 million, based on the book value of the assets and liabilities to be spun off.OKmart is expected to issue 25 million new shares at NT$10 each to Simple Mart as consideration.The assets and liabilities to be transferred are estimated at NT$3.56 billion and NT$3.31 billion, respectively, based on unaudited book values as of June 30.Simple Mart said the transaction is an internal group restructuring aimed at specialization and improving overall operational performance. Following the spin-off, Simple Mart will become an investment holding company and be renamed OmniLink Investment Holdings Corp.

TPE:2945

Asia2h ago

Simple Mart Retail Buys Taipei Site for NT$250 Million

Simple Mart Retail (TPE:2945) acquired a property in Taipei City for NT$250 million, according to a Tuesday filing with the Taiwan Stock Exchange.The property comprises 81.53 square meters of land and 775.51 square meters of building space, along with 117.69 square meters of parking space, the supermarket chain said.

TPE:2945

Asia2h ago

Simple Mart Retail's Unit Approves NT$300 Million Capital Increase

Simple Mart Retail's (TPE:2945) subsidiary, OKmart, approved a cash capital increase through the issuance of 30 million shares at NT$10 apiece for NT$300 million, according to a Tuesday filing with the Taiwan Stock Exchange.Around 90% of the shares will be reserved for existing shareholders, with the record date for capital increase set for Oct. 2.Proceeds raised from the exercise will be used to strengthen working capital.

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