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M J Maillis SA Industrial Packaging Systems and Technologies Announces Merger By Absorption Of STRAPTECH SA


Friday, 5 Apr 2013 07:50am EDT 

M J Maillis SA Industrial Packaging Systems and Technologies announced that the Boards of Directors of the Company and its affiliate STRAPTECH SA decided on April 4, 2013 the renewal – ratification of their resolutions dated December 28, 2012 regarding the commencement of the merger process through absorption of its 100% affiliate STRAPTECH SA by the Company and the setting of the December 31, 2012 as the date of the transformation balance sheet.The absorbing Company will not issue new shares, since it possesses the total share capital of the company under absorption STRAPTECH SA. The aforesaid merger is subject to the licensing and approval of the competent authorities. 

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