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Okamura Corp <7994.T> : Says it plans to take over construction business and Tokyo metropolitan region excluded maintenance business, from its wholly owned subsidiary OSAS (okamura support & service corporation) .Says effective date on Oct. 1.
Ktk Inc <3035.T>: Says it will merge its wholly owned unit iotechno., which is engaged in recycle business, on Aug. 21 .Says iotechno. will be dissolved after the merger.
Hibino Corp:Says wholly owned subsidiary Hibino Media Technical Corporation to merge its wholly owned subsidiary MEDIANIX.MEDIANIX to be dissolved after merger.Planned effective April 1.
Versalink Holdings Ltd:Says internal restructuring of malaysian business.Says Bevan Grant Walters, managing director of Steeltema, has relinquished his position.Says manufacturing business of Steeltema has been transferred to Jemaramas.Internal restructuring is not expected to have any material impact on EPS and nta for the current FY ending 28 February 2016.
ITOKI CORP:To dissolve Osaka-based wholly owned subsidiary engaged in sale of medical facilities.Liquidation is expected to be completed on March 8, 2016.
Essendant Inc:Says Earl Shanks appointed chief financial officer.Says company expects to achieve approximately $20 million in annualized cost savings by Q1 2016.Says Shanks succeeding Todd Shelton.Expects to incur approximately $10 million in pre-tax charges in the fourth quarter of 2015 associated with the cost reduction actions.Expects to realize annualized savings of $20 million and permanently reduce its management by approximately 90 roles.Says most of these management reductions will be completed by the end of 2015.Says roles located primarily at the company's Deerfield, IL headquarters.
Eastcompeace Technology Co Ltd:Says to dissolve a 70 pct owned Hangzhou-based technology subsidiary that has been engaged in mobile phone sales business.
KING JIM CO LTD:Says its Tokyo-based interior decorating wholly owned subsidiary to merge with another wholly owned Tokyo-based subsidiary on Jan. 1, 2016.Says the another subsidiary to be dissolved after transaction.