Rengo announced that it will absorb its wholly owned subsidiary Daiko Paper through a merger. The effective date is scheduled for 1 October 2027, and the company aims to strengthen earnings by consolidating the group's management resources.
On the 5th, Rengo decided to absorb its wholly owned subsidiary Daiko Paper through a merger.
The effective date is scheduled for 1 October 2027. The company said it plans to improve management efficiency by integrating resources across the group.
It also said it aims to strengthen the group's earnings power by accelerating the consolidation of management resources and the recruitment and development of personnel.
Further details are expected to be published later in the electronic edition, and additional information is awaited.