フジックス has decided to dissolve and liquidate its sewing thread sales subsidiary, 富士克國際, in China and Hong Kong. Progress on the procedures is expected to be reported against the backdrop of deteriorating market conditions in China.
フジックス has decided to dissolve and liquidate 富士克國際, its sewing thread sales subsidiary in China and Hong Kong. The move is reportedly prompted by worsening conditions in the Chinese market.
The subsidiary is part of the company's overseas operations, and procedures for its dissolution and liquidation are expected to proceed. The article does not provide specific dates, amounts or other figures.
The report conveys the fact that the company is discontinuing and liquidating the operations of an overseas subsidiary. Details of the procedures are expected to be disclosed in future official announcements.