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Asahi Kasei Corp (3407.T)

3407.T on Tokyo Stock Exchange

9 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Asahi Kasei updates faulty installation of foundation piles by subsidiary Asahi Kasei Construction Materials
Tuesday, 20 Oct 2015 02:00am EDT 

Asahi Kasei Corp:Confirmed Asahi Kasei Construction Materials Corp., a subsidiary of Asahi Kasei Corp., performed faulty installation of a portion of foundation piles, and diverted and modified data in the corresponding installation report.That in work subcontracted by Sumitomo Mitsui Construction Co., Ltd., the prime contractor for the construction of a condominium for Mitsui Fudosan Residential Co., Ltd. in Yokohama, Kanagawa, Japan.In addition to the diversion and modification of ammeter data in the installation report, there was diversion and modification of flowmeter data for the injection of cement milk which covers the tip of the precast concrete piles and solidifies (consolidation).Subsidiary will bear all costs incurred for investigation as well as necessary reinforcement and repair.And appropriate efforts will now proceed in cooperation with Mitsui Fudosan Residential Co., Ltd. and Sumitomo Mitsui Construction Co., Ltd. with the highest priority given to the safety of the residents.  Full Article

Asahi Kasei announces investigation result
Friday, 16 Oct 2015 08:30am EDT 

Asahi Kasei Corp:Announces the result of investigation regarding the pile construction work of apartment houses based in Yokohama disclosed on Oct. 14.Says the flow meter data (was used to confirm the amount of cement milk) on the off-the-shelf concrete pile was converted and changed.  Full Article

R&I affirms Asahi Kasei Corp's rating at "AA-" and announces stable outlook
Tuesday, 13 Oct 2015 02:00am EDT 

Asahi Kasei Corp:R&I affirms Asahi Kasei Corp's rating at "AA-" and announces stable outlook.  Full Article

Asahi Kasei completes acquisition of Polypore International
Wednesday, 26 Aug 2015 07:30pm EDT 

Asahi Kasei Corp:Completes full acquisition of US-based company Polypore International, Inc. which is engaged in battery separator business, on Aug. 26 (EST).Plan disclosed on Feb. 23.  Full Article

Asahi Kasei to set up joint venture with Mitsubishi Chemical Holdings
Thursday, 28 May 2015 12:30am EDT 

Asahi Kasei Corp:Asahi Kasei and its subsidiary signed agreement with Mitsubishi Chemical Holdings and its subsidiary to set up joint venture in Tokyo.Joint venture with name of Asahi Kasei Mitsubishi Chemical Ethylene Corporation and with registered capital of 2 bln yen.Joint venture to be engaged in production of basic petrochemical raw materials, sales to its two parent companies and procurement of raw materials.  Full Article

Asahi Kasei to issue year-end dividend for FY 2015
Monday, 11 May 2015 11:30pm EDT 

Asahi Kasei Corp:To issue a year-end dividend of 10 yen per share to all the shareholders of record as of March 31, for FY ended March 2015.Payment date June 4.Says latest dividend forecast was 9 yen per share.  Full Article

Fdk to fully acquire joint venture from Asahi Kasei
Thursday, 19 Mar 2015 02:30am EDT 

Fdk Corp:Says Fdk Corp to acquire 1,534 shares (50 pct voting rights) of a shizuoka-based joint venture that has been engaged in research, development, manufacture and sale of LIC cells and modules, from Asahi Kasei.Fdk Corp to increase voting rights in the joint venture to 100 pct (3,068 shares) from 50 pct (1,534 shares).Says memorandum price is 0 mln yuan.Planned effective June 30.  Full Article

Asahi Kasei to merge with wholly owned subsidiaries
Tuesday, 3 Mar 2015 02:30am EST 

Asahi Kasei Corp:To merge with wholly owned subsidiaries Asahi Kasei Chemicals Corporation., Asahi Kasei E-materials Corporation. and Asahi Kasei Fibers Corporation. on April 1.The three subsidiaries will dissolve after merger.  Full Article

Asahi Kasei to fully acquire Polypore International through U.S. subsidiary
Monday, 23 Feb 2015 04:00am EST 

Asahi Kasei Corp:Announced that it has entered into a definitive merger agreement to acquire Polypore International Inc (45,856,695 shares, 100 pct voting rights) through U.S. subsidiary, at price of about $2.8 bln.Says Polypore International currently has two business segments: Energy Storage and Separations Media.As an integrated step in this transaction, immediately prior to Asahi Kasei's acquisition of Polypore, 3M Company (3M) will acquire assets of Polypore's Separations Media segment for about $1.0 bln.  Full Article

BRIEF-Orion Corporation and Asahi Kasei enters into global strategic collaboration

* Says that it has entered into a global strategi collaboration agreement with Japanese Asahi Kasei Pharma for the discovery, development and commercialisation of assets in pain management