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SoftBank : (Update of Disclosed Matters) Status of Obtaining Approvals and Permits from Relevant Authorities in Thailand for the Acquisition of Shares of Consolidated Subsidiary LINE MAN CORPORATION PTE. LTD. and Future Outlook
SoftBank : (Update of Disclosed Matters) Status of Obtaining Approvals and Permits from Relevant Authorities in Thailand for the Acquisition of Shares of
About this update from Softbank Group Corp.
[{"type":"text","content":"\n \n SoftBank Group Corp. (\"SBG\") announces the following update regarding the acquisition of shares of LINE MAN CORPORATION PTE. LTD. (\"LMWN\") through a subsidiary of SBG's consolidated subsidiary, LY Corporation (\"LY\"), as previously disclosed in the \"Change in Specified Subsidiary \" dated September 11, 2025 (\"Notice Dated September 11, 2025\").\n \n \n 1. Review by the Thai authorities\n \n \n As scheduled in the Notice Dated September 11, 2025, LY consolidated LMWN as a consolidated subsidiary on September 30, 2025. As stated in (*8) of \"4. Number of shares, etc. held before and after the change\" in the Notice Dated September 11, 2025, LY had been undergoing a review process to obtain approvals and permits from relevant authorities in Thailand for the additional acquisition of LMWN shares through its subsidiary, LINE SOUTHEAST ASIA CORP. PTE. LTD. (\"Additional Acquisition\"). LY has now received notification from the relevant local authority dated May 14, 2026, stating that no approvals or permits are required for the Additional Acquisition. Please note that no other approvals or permits are required for the Additional Acquisition.\n \n \n 2. Future outlook\n \n \n Based on the review results by the relevant authorities in Thailand stated in 1. above, as well as discussions, etc. with related parties, LY plans to complete the Additional Acquisition within August 2026. As stated in 1. above, LMWN is already a consolidated subsidiary of LY. Accordingly, the impact of the Additional Acquisition on SBG's consolidated financial results for the current fiscal year is expected to be minimal.\n \n \n 3. Other reference information\n \n \n As a result of the Additional Acquisition stated in 2. above, the number of shares of LMWN indirectly held by SBG and the ratio of voting rights are expected to be as follows.\n \n \n (1) Number of LMWN shares indirectly held: 81,046,672*1\n (2) Ratio of voting rights: 60.9%*2\n \n (*1) Includes 77,561 shares of LMWN already acquired from LMWN officers and employees outside of this Additional Acquisition (indirectly held by the Company).\n \n \n (*2) The figures are calculated based on the total number of voting rights as of April 30, 2026, combined with the voting rights associated with the shares to be issued through the capital increase described in (iii) of (*8) under \"4. Number o...