In today’s briefing:
- How Long Will the ‘Parent-Subsidiary Listing Prolongation Scheme’ Work?
How Long Will the ‘Parent-Subsidiary Listing Prolongation Scheme’ Work?
- Investors are disappointed that this is not put forward as a management strategy to resolve the parent-subsidiary listing, but the TSE believes that friendly disclosure is the solution.
- It’s problematic for parent company’s shareholders to allow the parent’s resources to be used and to leave part of subsidiary’s profits outside the company for a long period of time.
- For both the parent company and its subsidiaries, this is a lost opportunity to shift to management that can create more value. It’ill only delay the shift to value-creating management.
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