Wedge seeks security over subsidiary stakes after parent loan goes unpaid
Wedge Holdings says a ¥388mn loan to parent Showa Holdings has never been repaid and that immediate payment is difficult, so it is taking pledges over four subsidiary stakes while broader financing terms remain under negotiation. The collateral is mixed at best: two stakes carry disclosed values of ¥71.9mn and ¥30.9mn after haircuts, while two others are assigned memorandum values of ¥1 each.