Takeei Corp Announces Merger between Subsidiaries; to Establish New Subsidiary

Takeei Corp announced that a wholly owned subsidiary (subsidiary A), which is engaged in solar power generation business and park and golf course operation business in Tokyo, will merge another wholly owned subsidiary (subsidiary B), which has been engaged in park and golf course operation business in Tokyo, effective April 1, 2013. As a result, subsidiary A will be the surviving company and subsidiary B will be dissolved. The Company also announced that it will establish a new subsidiary engaged in operation of wood biomass power generation business, in Aomori, Japan on April 1, 2013.