Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

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<p><a href="https://www.smartkarma.com/entities/3268" target="_blank" data-smartkarma-citation="entities:3268:1">Zigexn Co Ltd (3679 JP)</a>'s founder plans to raise US$185m by selling a 16.6% stake in the company which will reduce his shareholding from 66.5% to 49.9%.  The company states that this will help to save tax as it will be exempt from taxation of retained earnings of specified family corporations as the founder's stake will fall below 50%. This the tax exemption will result in sizeable EPS accretion. The company also plans to apply for a transfer of listing from Mothers to First Section. Recent…</p>

Zigexn Co Ltd (3679 JP)'s founder plans to raise US$185m by selling a 16.6% stake in the company which will reduce his shareholding from 66.5% to 49.9%.  The company states that this will help to save tax as it will be exempt from taxation of retained earnings of specified family corporations as the founder's stake will fall below 50%. This the tax exemption will result in sizeable EPS accretion. The company also plans to apply for a transfer of listing from Mothers to First Section. Recent…

ZIGExN Placement - Seems to Have a Legit Reason for Selling, Operations Doing Well

Japan

ZIGExN Co Ltd develops and operates the internet media platforms called EX Sites that consolidate information from multiple media and submit user's request to multiple media in one access.

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ZIGExN Placement - Seems to Have a Legit Reason for Selling, Operations Doing Well

Zigexn Co Ltd (3679 JP)'s founder plans to raise US$185m by selling a 16.6% stake in the company which will reduce his shareholding from 66.5% to...

Sumeet Singh