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Dai Nippon Toryo Co Ltd to Merge with Wholly Owned Subsidiaries; to Fully Acquire Nippo Electric Co., Ltd. through Stock Exchange
Dai Nippon Toryo Co Ltd announced that it will merge with its four wholly owned subsidiaries, effective January 1, 2013. After the transaction, the Company will be the surviving company, and the four wholly owned subsidiaries will be dissolved. The Company will also fully acquire Nippo Electric Co., Ltd., which is engaged in the manufacturing and sale of light related products in Kanagawa prefecture, Japan, through stock exchange effective December 20, 2012. As a result, Nippo Electric will delist shares from Jasdaq market.
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