TSUDAKOMA Corp. (6217) · InitiativeAdvanced
Background to the dissolution and liquidation of Tsudakoma Textile Machinery (Xianyang) Co., Ltd.
First written in FY2020-Q3. 1 of 2 entries say "Advanced", first in FY2020. Latest entry: FY2020.
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Dissolution and liquidation of 津田駒紡織機械（咸陽）有限公司A theme 1 companies write about · 0 as a headwind · 0 as a tailwind
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- FY2020AdvancedAnnual report
「At a meeting of the board of directors of 経緯津田駒紡織機械（咸陽）有限公司 held on 30 September 2020, a resolution was passed to dissolve the company, which is currently undergoing liquidation procedures.」
The Chinese equity-method affiliate has entered the liquidation process following the resolution to dissolve it. - FY2020-Q3First statedAnnual report
「経緯津田駒紡織機械（咸陽）有限公司, an equity-method affiliate of the company, resolved at a board meeting held on 30 September 2020 to dissolve the company.」
We resolved to begin procedures to dissolve and liquidate the Chinese equity-method affiliate that manufactures and sells air-jet looms. The liquidation is expected to be completed after the necessary procedures have been carried out.