Notice of Change in Equity Method Affiliate (Partial Transfer of Shares)
- 2022/12/05 News
Sanyo Chemical Industries Ltd. announces that it has resolved to transfer a portion of its shares in APB Corporation (Head Office: Chiyoda-ku, Tokyo; Representative director: Hideaki Horie; hereinafter called “APB”), an equity method affiliate, to TRIPLE-1, Inc.(Head Office: Hakata-ku, Fukuoka City, Fukuoka; President and CEO: Takuya Yamaguchi; hereinafter called “TRIPLE-1”), and has entered into a share transfer agreement.
As a result, APB will no longer be our affiliates accounted for using the equity method.
We will focus on research and development of functional materials for the battery industry, including polymer coated active materials, and contribute to the realization of a sustainable society by contributing to carbon neutrality through the supply of performance chemicals.