Notice Regarding Making SDP Global Co., Ltd. a Wholly Owned Subsidiary

  • 2019/11/29 News

Sanyo Chemical Industries, Ltd. (head office: Higashiyama-ku, Kyoto-shi, Kyoto, Japan; President: Takao Ando; “Sanyo Chemical”) hereby announces that it has resolved, at its board of directors meeting held today, to acquire all of the 30% shares of SDP Global Co., Ltd. (head office: Chuo-ku, Tokyo, Japan; President: Hiroyuki Shimominami; “SDP Global”), a consolidated subsidiary of Sanyo Chemical, that are held by Toyota Tsusho Corporation (head office: Nakamura-ku, Nagoya-shi, Aichi, Japan; President: Ichiro Kashitani; “Toyota Tsusho”). The closing date of the transfer of those shares is scheduled for March 31, 2020, and SDP Global will become a wholly owned subsidiary of Sanyo Chemical as a result of this transaction.