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United States

UKC Holdings Corp (3156.T)

3156.T on Tokyo Stock Exchange

2,058JPY
29 May 2017
Change (% chg)

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¥2,058
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51,308
52-wk High
¥2,388
52-wk Low
¥1,427

Latest Key Developments (Source: Significant Developments)

UKC Holdings says suspension of management integration with KAGA ELECTRONICS
Friday, 22 Apr 2016 02:00am EDT 

UKC Holdings Corp:Says suspension of management integration with KAGA ELECTRONICS with previous release disclosed on Nov. 18, 2015.  Full Article

Announcement of the Execution of a Memorandum of Understanding Concerning Management Integration between Kaga Electronics Co., Ltd. and UKC Holdings Corporation
Wednesday, 18 Nov 2015 01:00am EST 

UKC Holdings Corp:Kaga Electronics Co., Ltd. and UKC Holdings Corporation resolved to execute a Memorandum of Understanding in connection with their intentions to achieve a management integration with the spirit of equal partnership.The two companies have selected a holding company system as the organizational structure following the Management Integration in order to take advantage of the strengths of the two companies while preserving their individuality.A share exchange will be carried out between UKC Holdings as the wholly owning parent company in the share exchange and Kaga Electronics as the wholly owned subsidiary company in the share exchange and the common shares of Kaga Electronics are scheduled to be delisted.Following the completion of the Share Exchange, a company split will be carried out, in which UKC Holdings will be the splitting company and all of UKC Holdings' businesses (excluding certain functions) will be the businesses subject to the split.As a result of the Company Split, all of UKC Holdings' businesses will be taken over by either a new company to be incorporated through the Company Split or a succeeding company to be wholly owned by UKC Holdings, whereby UKC Holdings will become a holding company.Planned effective Oct. 1, 2016.Says the holding company planned to be named UKC Kaga Holdings Corporation.  Full Article

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