Resona : (Progress of Announced Matter)Notice of Possible Uncollectibility or Delay in Collection of Claims Held by Subsidiary Companies
June 24, 2022 at 08:06 am EDT
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Tokyo, June 24, 2022
To whom it may concern,
Company Name
Resona Holdings, Inc.
Repr esent ative
Director, President and Representative
Executive Officer Masahiro Minami
(Securities Code: 8308; Prime Market of the Tokyo Stock Exchange)
(Progress of Announced Matter)
Notice of Possible Uncollectibility or Delay in Collection of Claims Held
by Subsidiary Companies
Resona Holdings, Inc. (the "Company") hereby announces that Marelli Holdings Co., Ltd. (the "Customer"), which is a customer of Resona Bank, Ltd. and Saitama Resona Bank, Ltd., subsidiaries of the Company, and which submitted a draft plan for business turnaround under the turnaround alternative dispute resolution procedure on May 31, 2022, made a petition for the commencement of civil rehabilitation proceeding today, and claims to that company may become uncollectible or collection may be delayed.
The Company understands that the Customer plans to initiate necessary procedures for filing a motion for Simplified Rehabilitation.
1. Outline of the Customer
(1)
Name
Marelli Holdings Co., Ltd.
(2)
Location
2-1917Nisshin-cho,Kita-ku,Saitama-city, Saitama, Japan
(3)
Name of representatives
David John Slump, Representative Director
Hiroshi Moriya, Representative Director
(4)
Line of business
Manufacturing of automotive parts
(5) Amount of capital
17,154 million yen
(6)
Date of establishment
October 6, 2016
Event that occurred with respect to the Customer and date of the occurrence of such event Petition for the commencement of civil rehabilitation proceeding on June 24, 2022.
Type and amount of the claims to the Customer (as of June 24, 2022)
Loan in the amount of 44,342 million yen (ratio to consolidated net assets: 1.8%).
Effect of the event on the results of the Company
There is no change to the target results for the fiscal year ending March 31, 2023 announced on May 12, 2022.
End
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Disclaimer
Resona Holdings Inc. published this content on 24 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 June 2022 12:05:12 UTC.
Resona Holdings, Inc. is a financial services group especially organized around 3 areas of activity:
- retail banking and asset management;
- corporate banking;
- market banking.
At the end of March 2021, the group managed JPY 58,691.2 billion of current deposits and JPY 38,978.9 billion of current credits.
Almost all revenues are in Japan.