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Gremz Inc to Fully Acquire Subsidiary; Announces Merger between Subsidiaries


Tuesday, 7 May 2013 12:00am EDT 

Gremz Inc announced hat it as decided to acquire 10,000 shares (a 10% stake) in a 90%-owned subsidiary, which is engaged in sales of mineral water, for JPY 5 million, effective May 7, 2013. After this, the Company will hold a 100% stake in the subsidiary. The Company also announced that the subsidiary mentioned above will be merging with gremzsolar, Inc., another wholly owned subsidiary of the Company, effective July 1, 2013. After this, gremzsolar, Inc. will be the surviving company and the other subsidiary will be dissolved. 

Company Quote

1046.0
-7.0 -0.66%
21 Aug 2014