RESONAC HOLDING CORPORATION Since this is a case of merger between SDK's wholly owned subsidiaries, part of the details are not disclosed in the following announcement.
1. Purpose of merger and change of company name
SDE provides business support services such as import/export management, chemical substance management, and marketing function to subsidiaries of SDK in
This time, SDK decided to merge these two companies for the purpose of expanding its business operation in
With regard to formalities of this merger, SDCH will merge with SDE and become the surviving company. However, in order to clarify its business management function in
2. Outline of merger
(1) Schedule
Resolution at the Board of Directors meeting:
Effective date of merger:
(2) Form of merger
SDCH will merge with SDE and become the surviving company, and SDE will be dissolved at the effective date. SDCH will change its company name into "
(3) Allotment of stocks related to merger
Since this is a case of merger between wholly owned subsidiaries, there will be no new stock issue, no increase in capital, nor payment of grant money due to merger.
(4) Handling of stock acquisition rights and bonds with stock acquisition rights related to merger
There will be no applicable matters.
3. Profile of the two companies to merge
Company name:
Head office:
President:
Scope of business: Holding company that owns companies producing and selling graphite electrodes
Capital:
Establishment:
Accounting term: Ending
Major shareholders: Showa Denko: 100%
*Here EUR is converted into JPY at
Company name:
Head office: Konrad-Zuse-Platz 3, 81829
President: Takashi Kotsuka
Scope of business: Sales base of
Capital:
Establishment:
Accounting term: Ending
Major shareholders: Showa Denko: 100%
*Here EUR is converted into JPY at
4. After the merger
SDCH, the surviving company of the merger, will change its company name and scope of business as following at the same date of the effective date of merger. Although the head office will be located in Wiesbaden, the office in
Company
Head office: Abraham-Lincoln-Str. 44, 65189 Wiesbaden,
President: Takashi Kotsuka
Scope of business: Sales base of
Capital:
Major shareholders: Showa Denko: 100%
*Here EUR is converted into JPY at
5. Future prospect
Since this is a case of merger between wholly owned subsidiaries, SDK's consolidated performance will not be affected materially by the merger.
Press release (PDF): www.sdk.co.jp/assets/files/english/news/2020/20200924_sdknewsrelease_e.pdf
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Contact:
Showa Denko K.K ., CSR & Corporate Communication Office,CSR & General Affairs Department , Tel: 81-3-5470-3235
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