National Tax Agency

Renesas Extends Tender Offer for Proposed Acquisition of Sequans

Retrieved on:

Tuesday, February 20, 2024

Memorandum, Acquisition, ADS, Letter, National Tax Agency, Code, Bank, American depositary receipt, Electronics, BNY Mellon

Shareholders to Receive U.S. $0.7575 per Ordinary Share and U.S. $3.03 per ADS in cash

Key Points:

Renesas is of the opinion that this confirmation constitutes an Adverse Japanese Tax Ruling under the Memorandum of Understanding and, therefore, the contractual condition in the Memorandum of Understanding to the tender offer requiring Renesas' receipt of a confirmation that such reorganization not trigger such tax cannot be fulfilled.
On February 12, 2024, the parties closed another financing transaction in which a wholly owned subsidiary of Renesas loaned an additional $9,000,000 to Sequans in exchange for an unsecured subordinated note of Sequans.
The tender offer was extended to allow additional time for the satisfaction of the remaining closing conditions of the tender offer, including, but not limited to, the valid tender of ordinary shares and ADSs of Sequans representing - together with ordinary shares and ADSs of Sequans beneficially owned by Renesas, if any - at least 90% of the fully diluted ordinary shares of Sequans.
The Bank of New York Mellon, the Tender Agent for the tender offer, has advised Renesas that as of 6 p.m., New York City time, on February 16, 2024, approximately 123,472,744 ordinary shares of Sequans (including ordinary shares represented by ADSs), representing approximately 44.5% of the fully diluted ordinary shares of Sequans, have been validly tendered and not properly withdrawn pursuant to the tender offer.

Renesas Announces Termination of Memorandum of Understanding and Tender Offer for Proposed Acquisition of Sequans

Retrieved on:

Friday, February 23, 2024

Technology, Hardware, Semiconductor, IOT (Internet of Things), Memorandum, ADS, National Tax Agency, Internet of things, Communication, American depositary receipt, MOU, Partnership

The previously announced tender offer has also been terminated by Renesas.

Key Points:

The previously announced tender offer has also been terminated by Renesas.
As a result, Renesas exercised its right to terminate the MOU, and as a result of such termination, the tender offer has also been terminated.
As a result of the termination of the MOU and termination of the tender offer, no ordinary shares or ADSs of Sequans will be purchased by Renesas in the tender offer and all ordinary shares and ADSs previously tendered but not withdrawn will be promptly returned.
This communication constitutes a formal notification of the expiration of the tender offer and a formal notification that Renesas will not accept for purchase any ordinary shares or ADSs of Sequans tendered in connection with the tender offer.

Hong Kong International Wine & Spirits Fair opens today

Retrieved on:

Tuesday, January 10, 2023

HONG KONG, Jan 10, 2023 - (ACN Newswire) - Organised by the Hong Kong Trade Development Council (HKTDC), the 14th HKTDC Hong Kong International Wine & Spirits Fair (Special Edition) opened today and will run for two days (10 and 11 January) at the Hong Kong Convention and Exhibition Centre (HKCEC).

Key Points:

HONG KONG, Jan 10, 2023 - (ACN Newswire) - Organised by the Hong Kong Trade Development Council (HKTDC), the 14th HKTDC Hong Kong International Wine & Spirits Fair (Special Edition) opened today and will run for two days (10 and 11 January) at the Hong Kong Convention and Exhibition Centre (HKCEC).
The 14th HKTDC Hong Kong International Wine & Spirits Fair opened today and continues for two days (10 and 11 January) at the Hong Kong Convention and Exhibition Centre.
Local and international trade associations and government organisations participating in our fair with their own pavilions at the fairground, include the Hong Kong Wine and Spirits Association (HKWSA), Hong Kong General Chamber of Wine & Spirits (HKGCWS), Craft Beer Association of Hong Kong (CBAHK), Beverage and Food Community (BNFC), National Tax Agency Japan and Fukuoka Prefectural Government."
Hong Kong and the mainland also signed a cooperation agreement in 2010 to facilitate customs clearance for wine exported from Hong Kong to the mainland.

Honkaku Shochu and Awamori Cocktail Competition Winner Shun Kosaka to Present the Appeal of Honkaku Shochu and Awamori at FOODEX JAPAN 2022

Retrieved on:

Friday, March 18, 2022

People, Aurora, National Tax Agency, Food, Makuhari Messe, Multimedia, Coronavirus, Association, Keio Plaza Hotel, Honkaku, Energy drink, Meal, Drinking establishment

Mr. Kosaka spoke about the appealing aspects of honkaku shochu and awamori, which are among Japan's kokushu, "Many people who visit from overseas wonder what kind of liquor honkaku shochu is with a sense of interest.

Key Points:

Mr. Kosaka spoke about the appealing aspects of honkaku shochu and awamori, which are among Japan's kokushu, "Many people who visit from overseas wonder what kind of liquor honkaku shochu is with a sense of interest.
It is also relatively easy for us to recommend honkaku shochu, which is a traditional Japanese spirit, to guests from overseas.
In his 5th year training as a bartender at Aurora Sky Lounge after joining the company in 2017, Mr. Kosaka won the 4th Honkaku Shochu and Awamori Cocktail Competition for the first time.
Many of the buyers showed interest in honkaku shochu and awamori, demonstrating how Japan's traditional alcoholic beverages known as kokushu also draw attention from overseas.

GMO Payment Gateway Promoting Impact Financing for Financial Inclusion FinTech Companies

Retrieved on:

Tuesday, September 14, 2021

GMO-PG will continue to promote investment for financial inclusion FinTech companies to contribute to the progress and development of society.

Key Points:

GMO-PG will continue to promote investment for financial inclusion FinTech companies to contribute to the progress and development of society.
300 million through GMO-Z.Com Payment Gateway India Credit Fund, a fund managed by GMO-PG's India subsidiary, GMO-Z.COM PAYMENT GATEWAY INDIA PRIVATE LIMITED which was established in 2019.
In addition, GMO Global Fintech Fund, a VC fund of GMO Internet Group, has invested in Gojo as well in 2020.
As the leading companies in the payment industry, GMO-PG provides payment infrastructure such as payment and financial solutions and platforms to financial institutions and business operators that are adopting cashless payment and digital transformation (DX).

Blockchain Company Coinllectibles™️ to mint the world's first sake Fusion NFTs™️ in a Triple Crossover Partnership with Award-Winning Marunaga Brewery and Singapore's first female finger painting artist Adeline Yeo

Retrieved on:

Tuesday, August 10, 2021

This year, Marunaga Brewery marks its 150th year of establishment in the expertise of brewing handcrafted sake under the brand "Takanami".

Key Points:

This year, Marunaga Brewery marks its 150th year of establishment in the expertise of brewing handcrafted sake under the brand "Takanami".
This unique triple crossover partnership aptly matches an age-old tradition craft with modern, contemporary art, to create a digitally advanced non-fungible token."
For this triple crossover, Marunaga Brewery will produce 3 exclusive Takanami Vintage sake bottles for this collaboration with Adeline helming the artistic direction.
Coinllectibles will then mint a Fusion NFT for each bottle of sake, creating the unique triple crossover Takanami Sake x Adeline Yeo x Coinllectibles.