Notice Regarding the Execution of a Final Agreement Concerning the Business Integration by Way of Joint Share Transfer Between Nippon Shokubai Co., Ltd. and Sanyo Chemical Industries, Ltd
- 2019/11/29 IR News
As announced in “Notice Regarding the Execution of a Basic Agreement Concerning the Consideration of Business Integration between Nippon Shokubai Co., Ltd. and Sanyo Chemical Industries, Ltd.” dated May 29, 2019, Nippon Shokubai Co., Ltd. (“Nippon Shokubai”) and Sanyo Chemical Industries, Ltd. (“Sanyo Chemical”) (each, a “Company,” and collectively, the “Companies”) have been carrying out detailed examinations and discussions concerning the business integration between the Companies based on the spirit of mutual trust and equality.
We hereby announce that today, the Companies’ adopted a resolution in their respective extraordinary meeting of the Board of Directors to conduct a business integration (the “Business Integration”) by establishing Synfomix Co., Ltd. (the “Integrated Holding Company”) by way of joint share transfer (the “Share Transfer”), which shall become the parent company of the Companies, and executed a final agreement (the “Final Agreement”) between the Companies based on the spirit of equality. The share transfer plan (the “Share Transfer Plan”) pertaining to the Share Transfer is scheduled to be prepared in early May 2020 (please see below “2. (2) Schedule of the Share Transfer” for more details).