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    4217   JP3785000005

HITACHI CHEMICAL COMPANY, LTD.

(4217)
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Nantong Jianghai Capacitor Co. Ltd. cancelled the acquisition of Capacitor Business And Vapor Deposition Film Business Of Hitachi Chemical And Hitachi AIC from Hitachi Chemical Company, Ltd. and Hitachi AIC Inc.

01/28/2021 EST

Nantong Jianghai Capacitor Co. Ltd. (SZSE:002484) agreed to acquire Capacitor Business And Vapor Deposition Film Business Of Hitachi Chemical And Hitachi AIC from Hitachi Chemical Company, Ltd. (TSE:4217) and Hitachi AIC Inc. on January 28, 2020. The board of Hitachi Chemical Company resolved the transaction on January 20, 2020. The transaction does not require approval of shareholders in general meeting. As a part of the transaction, Hitachi Chemical Company will sold 60% stake and Hitachi AIC will sold 40%. As a part of the transaction Hitachi Chemical Company will transfer 60 shares and Hitachi AIC will transfer 40 shares. Conclusion date of share transfer agreement is planned to be February 3, 2020 and transaction is expected to be completed by April 1, 2020. The transaction does not require approval of shareholders in general meeting. Nantong Jianghai Capacitor Co. Ltd. (SZSE:002484) cancelled the acquisition of Capacitor Business And Vapor Deposition Film Business Of Hitachi Chemical And Hitachi AIC from Hitachi Chemical Company, Ltd. (TSE:4217) and Hitachi AIC Inc. on January 28, 2021.


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Managers and Directors
Hisashi Maruyama President, CEO & Representative Director
Mitsuo katayose CTO & Managing Executive Officer
Hiroyuki Yamashita Representative Director, EVP & Chief Risk Officer
Hidehito Takahashi Non-Executive Director
Hiroshi Sakai Non-Executive Director
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