The information on this Web site is presented "as is." Product availability, organization, and other content may differ from the time the information was originally posted. Changes may take place without notice.
Kobe Steel announces simple- and short-form merger of consolidated subsidiary through absorption
April 28, 2010
Kobe Steel, Ltd. announced today that at its Board of Directors' meeting convened
on April 28, 2010 it had passed a resolution to effect an absorption-type merger
of its wholly-owned subsidiary Shinko Taseto Co., Ltd. 1. Purpose of the Merger The principal activity of Shinko Taseto Co., Ltd., a wholly-owned subsidiary,
is the manufacture of stainless steel welding consumables. Merging Shinko
Taseto into Kobe Steel's Welding Business will integrate operations by improving
business efficiency, facilitating communication, and maintaining stable profits. Profile of Shinko Taseto (as of March 31, 2010)
Company name:
Shinko Taseto Co., Ltd.
President:
Yukinobu Matsushita
Capital:
175 million yen
Sales:
5,708 million yen (fiscal 2009)
2. Schedule for the Merger
Resolution at Board of Directors' meeting:
April 28, 2010
Signing of agreement:
April 28, 2010
Effective date (date of merger):
October 1, 2010
3. Effect on Kobe Steel's Business Results This merger will have no effect on the consolidated business results of Kobe
Steel, Ltd. as Kobe Steel will effect an absorption-type merger of a wholly
owned subsidiary.
RSS
feeds
Back to Top
RSS Feeds