Announcement by Yahoo Japan Corporation (Securities Code: 4689): Establishment of Split Preparation Companies, Execution of an Agreement Regarding Absorption-type Company Split, and Amendment to the Articles of Incorporation (Change in Trade Name) pursuant to Transition to a Holding Company Structure through a Company Split
SoftBank Group Corp. announces today that Yahoo Japan Corporation (“Yahoo Japan”), a subsidiary of SoftBank Group Corp., resolved to, at its Board of Directors Meeting held today, in order to transition to a holding company structure through a company split (absorption-type company split) on or around October 1, 2019, establish two split preparation companies as wholly-owned subsidiaries of Yahoo Japan and to execute an agreement regarding absorption-type company split with each of the successor companies with respect to the implementation of each absorption-type company split. Execution of said agreement is subject to a resolution approving of the same being passed at the ordinary general meeting of shareholders of Yahoo Japan scheduled to be held on June 18, 2019, and to being granted any approvals, permits, licenses and the like as may be required by the supervisory authorities.
In addition, Yahoo Japan also resolved to make changes to the Articles of Incorporation which will change its trade name to Z Holdings Corporation effective October 1, 2019 (tentative) subject to the effectuation of the absorption-type company split.
Please see the attached notice for further details.
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