Sasatoku Printing (3958) · InitiativeAchieved
Merger of 2 Chinese Subsidiaries and Transfer of Business
First written in FY2023. 1 of 2 entries say "Achieved", first in FY2024-Q3. Latest entry: FY2024-Q3.
2entries
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Merger by Absorption of 2 Chinese Subsidiaries and Consolidation of Operations into Wuxi 世徳印刷科技A theme 1 companies write about · 0 as a headwind · 1 as a tailwind
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Full recordFilings, disclosures and news, newest first
- FY2024-Q3AchievedAnnual report
「The Company's consolidated subsidiary 世徳印刷科技（無錫）有限公司 absorbed and merged with its former consolidated subsidiary 世徳印刷(無錫)有限公司 effective 14 December 2023.」
The absorption-type merger of the 2 Chinese subsidiaries scheduled for the fiscal year ending June 2024 was completed on 14 December 2023. The purpose was to strengthen Group management through greater operational efficiency and further enhance services. - FY2023First statedAnnual report
「世徳印刷（無錫）有限公司 and 世徳印刷科技（無錫）有限公司 were scheduled to merge in the fiscal year ending June 2024, and the business was to change from 世徳印刷（無錫）有限公司 to 世徳印刷科技（無錫）有限公司.」
It states a plan to consolidate the business into 世徳印刷科技（無錫）有限公司, which was established with a view to addressing China's environmental protection situation and introducing high-tech machinery and equipment.