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Ichikoh Industries Ltd to Dissolve Subsidiary; Announces Concern of Uncollectable or Delayed Receivables

Thursday, 8 Aug 2013 03:45am EDT 

Ichikoh Industries Ltd announced that it has decided to dissolve its Kanagawa-based wholly owned subsidiary, which engages in the manufacturing and sale of automatic parts, effective the end of August 2013. The liquidation will be completed at the end of December 2013. As a result, the Company announced its concern of uncollectable receivables with an amount of JPY 529 million from the subsidiary. 

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2.0 +1.20%
12:04am EDT