Heavy Electrical Equipment

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Shanghai Zhixin Electric to dissolve Henan-based subsidiary

Tuesday, 19 May 2015 08:00pm EDT

Shanghai Zhixin Electric Co Ltd:To dissolve 70 pct-owned Henan-based transformer subsidiary.

Dzi An Manufacturing to dissolve Cambodian branch

Monday, 11 May 2015 05:12am EDT

Dzi An Manufacturing Public Ltd Co:To dissolve its branch in Cambodia.

Avantha Holdings Ltd announces sale of shares of Crompton Greaves Electricals Ltd

Thursday, 23 Apr 2015 11:03pm EDT

Avantha Holdings Ltd:Says sale of shares of Crompton Greaves consumer Electricals Ltd (CGCEL).Says CGCEL shall allot its fully paid equity shares to the shareholders of CG in the existing proportion.Says will receive 34.37 pct of the paid up capital of CGCEL pursuant to the Scheme.

Areva announces project to relocate activities at Offenbach site to Erlangen and Karlstein

Wednesday, 15 Apr 2015 12:51pm EDT

Areva SA:Says following AREVA GmbH Supervisory Board meeting, management will begin discussions with its social partners regarding project to relocate activities based at Offenbach site (700 employees) to Erlangen and Karlstein sites by mid-2016, at latest.Says management has informed Offenbach employees that everyone would receive job proposal at either Erlangen or Karlstein should their work be relocated.

Kleemann Hellas SA to merge with its Moda Lift unit

Tuesday, 24 Mar 2015 05:07am EDT

Kleemann Hellas SA:Says will merge with its Moda Lift unit.Says Moda Lift will be absorbed by the company.Says the merger will strengthen its productivity and international competitiveness.

TSUBAKIMOTO KOGYO to merge with wholly owned subsidiary

Monday, 23 Mar 2015 03:00am EDT

TSUBAKIMOTO KOGYO CO LTD:To merge with wholly owned subsidiary which has been engaged in the design, manufacturing and sales of machinery and equipment in Osaka, Japan, on July 1.After the transaction, the company will be the surviving company and the subsidiary will be dissolved.

Dalian Refrigeration announces merger between subsidiaries

Wednesday, 4 Mar 2015 07:00pm EST

Dalian Refrigeration Co Ltd:Says subsidiary Dalian Bingshan Ryosetsu Quick Freezing Equipment Co., Ltd. (Bingshan Ryosetsu) plans to absorb and merge Dalian Bingshan Metal Processing Co., Ltd. (Bingshan Metal Processing).Before absorbing and merging, the company held 70 pct stake of Bingshan Ryosetsu, and held 100 pct stake of Bingshan Metal Processing, while Japan Ryosetsu Industry Co., Ltd. held 30 pct stake of Bingshan Ryosetsu.After absorbing and merging, Bingshan Ryosetsu will be the surviving company and the company will hold 95 pct stake of Bingshan Ryosetsu with Japan Ryosetsu Industry Co., Ltd. holding 5 pct stake of Bingshan Ryosetsu.Benchmark date for absorbing and merging was made on Dec. 31, 2014.

Crompton Greaves Ltd approves scheme for vertical demerger of consumer products business into a separate listed company

Tuesday, 3 Mar 2015 03:31am EST

Crompton Greaves Ltd:Approved new scheme of arrangement for vertical demerger of Consumer Products Business unit of CG into its wholly owned subsidiary, Crompton Greaves Consumer Electricals Limited with effect from Oct. 1.Says to implement 100 pct demerger of Consumer Products business, such that shareholding pattern of resulting consumer company shall mirror shareholding pattern of CG.Says Consumer Products Business undertaking shall be de-merged into CG's wholly owned subsidiary, Crompton Greaves Consumer Electricals Limited.Under the scheme, CG will transfer its Consumer Products Business undertaking including related businesses, undertakings, properties, investments, intangibles, contracts and liabilities into Crompton Greaves Consumer Electricals Limited.Says Crompton Greaves Consumer Electricals Limited will issue and allot to shareholders of CG as on the record date one fully paid up equity share of 2 Indian rupees each for every one equity share held in CG.Upon demerger, shareholding of CG in Crompton Greaves Consumer Electricals Limited will get cancelled and shareholding pattern of Crompton Greaves Consumer Electricals Limited will mirror shareholding pattern of CG.Says Crompton Greaves Consumer Electricals Limited will apply for listing its shares on the BSE and NSE.

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