TYO:3681

4 stories mentioning TYO:3681Updated just now

Every FINWIRES story that references TYO:3681, newest first.

V-cube Raises 1.80 Billion Yen via Third-Party Share Allotment

V-cube (TYO:3681) said it raised 1.80 billion yen through a third-party allotment of 253.4 million Class V preferred shares to AVA3 HD Corporation at 7.1 yen apiece, according to a Tokyo bourse filing on Friday.The cloud-based web service company said that the issuance of new shares, approved by the shareholders, will increase its share capital and legal capital surplus by about 899.5 million yen.The planned share consolidation is scheduled to take effect on July 13, following the issuance of new shares.

TYO:3681

Asia49d ago

V-Cube Flags Delay in Sponsor Deal as J-INC Questions Pricing

V-cube (TYO:3681) said negotiations with Japan Innovation Network on a definitive sponsor agreement will take longer after the investor requested a review of pricing terms, according to a Friday filing on the Tokyo Stock Exchange.The companies had aimed to finalize a binding agreement by May 8 under a deal that would make V-cube a wholly owned unit of a J-INC special purpose company through a third-party allotment and share consolidation.J-INC said it cannot proceed at the initially agreed price, citing the establishment of a special investigation committee, an auditor's disclaimer of opinion on V-cube's financial statements, and ongoing U.S. investigations involving a former subsidiary.The investor is assessing the impact of these factors and has not proposed revised terms, but said it intends to continue discussions subject to conditions including agreements with lenders.V-cube said it has not received alternative binding offers after a market check and will continue talks with J-INC while seeking to secure capital to stabilize its finances and support restructuring.

TYO:3681

Asia56d ago

V-Cube Sets Up Special Investigation Committee over Advisory Fee Payments

V-cube (TYO:3681) is setting up a special investigation committee to probe advisory fee payments linked to its former subsidiary TEN Holdings and related internal control issues, according to a Friday filing on the Tokyo Stock Exchange.The move follows the discovery that former representative director Naoaki Mashita issued a letter committing financial support to TEN without board approval, alongside findings that contracting and payment counterparties for advisory services differed.The committee, made up of independent external experts including lawyers and certified public accountants, will examine the facts, check for similar cases, and recommend measures to prevent recurrence.

TYO:3681

Asia58d ago

V-Cube to Proceed With J-INC Deal After No Rival Bids Emerge

V-cube (TYO:3681) said it received no binding alternative proposals during a market check period and will proceed with discussions on a buyout deal with Japan Innovation Investment, according to a Wednesday filing on the Tokyo Stock Exchange.The company said two parties expressed interest, but only one conducted due diligence and did not submit a formal offer. V-cube plans to finalize an agreement with Japan Innovation Investment between late April and early May.The transaction involves making the company a wholly owned subsidiary through a third-party allotment and share consolidation.The company's shares are expected to be delisted in late June following shareholder approval and completion of the deal.

TYO:3681

Track with the FINWIRES app suite

FolioX

Track TYO:3681 in your portfolio

WheelAI

Analyze TYO:3681 options with the wheel strategy

StockInsider

See market sentiment on TYO:3681