TYO:4449

3 stories mentioning TYO:4449

Every FINWIRES story that references TYO:4449, newest first.

giftee to Transition to Holding Company Structure with July 1 Technical Listing on Prime Market

giftee (TYO:4449) said the holding company to be established through a sole share transfer on July 1, has received approval for a technical listing on the Tokyo Stock Exchange's Prime Market.Under the restructuring plan, the company's existing shares are scheduled to be delisted on June 29, with shareholders receiving one ordinary share of the new holding company, giftee Group, for each share they currently hold, according to a Tokyo bourse filing on Monday.The newly formed holding company will begin trading on July 1, under the securities code 590A, with a trading unit of 100 shares.

TYO:4449

Asia59d ago

Giftee Secures 8 Billion Yen Credit Line, Plans 5.5 Billion Yen Borrowing

giftee (TYO:4449) said it has agreed to overdraft facilities of up to 8 billion yen with lenders and plans to borrow 5.5 billion yen to support flexible funding needs, according to a Friday filing on the Tokyo Stock Exchange.The company said the agreements were signed with Mizuho Bank and MUFG Bank, with a scheduled term from April 23 to Oct. 31.Giftee said the borrowing will be unsecured, carry a floating interest rate and have a term of within one month from drawdown. The company said the move is aimed at ensuring agility in meeting funding needs for business growth.

TYO:4449

Asia63d ago

Giftee Sees Limited Impact from Middle East Tensions on Operations

Giftee (TYO:4449) said the impact of the current situation in the Middle East on its business and financial results remains limited, according to a Monday filing on the Tokyo Stock Exchange.The company said its e-gift platform operations across Japan, ASEAN markets and the MENA region continue to be driven mainly by domestic demand, with no significant disruption reported.In the Middle East, where its subsidiary operates, giftee said business locations and employees remain safe and operations are continuing as normal.The company said prolonged geopolitical tensions could lead to higher crude oil prices and currency volatility, which may indirectly affect client performance and, in turn, its financial results.

TYO:4449