Showa Denko to Consider Simplified Absorption-type Company Split
Through the company split and use of common ground for global operations, Shinshu Showa will serve as a globalized controlling company.
- Through the company split and use of common ground for global operations, Shinshu Showa will serve as a globalized controlling company.
- SDK will be the Company Splitting, and Shinshu Showa will be the Company Succeeding, in the Absorption-type Split.
- This company split, to take place between SDK and its wholly-owned subsidiary, will fall into the category of Simplified Absorption-type Company Split prescribed in Article 784, paragraph (2), of the Companies Act.
- - August 2022 (planned) Board of Directors' resolution on the company split; conclusion of an Absorption-type Company Split Agreement
Since this company split will take place between SDK and its wholly-owned subsidiary, the influence on SDK's consolidated business results will be minimal.