Tires / Rubber Products
Lion Forest Industries Berhad Announces Winding Up Of Harapan Permai Sdn Bhd
Lion Forest Industries Berhad announced that the Harapan Permai Sdn Bhd (Harapan Permai), a dormant wholly owned subsidiary of the Company, had on December 26, 2012 lodged with the Companies Commission of Malaysia the relevant statutory forms together with the Liquidator's Statement of Accounts in relation to the members' voluntary winding-up Pursuant to Section 272(5) of the Companies Act, 1965, Harapan Permai was dissolved on March 26, 2013 (Dissolution).
Sava dd Sells Rubber Manufacturing Division to Czech Partner
Sava dd announced that it has signed the contract on selling the Rubber Manufacturing division with its strategic partner, CGS as. The funds from the sale were transferred on January 8, 2013.
Sava dd Plans Strategy for FY 2013 and 2014 Including Sale of Part of Its Business
Sava dd announced that following the 4. Supervisory Board meeting of the Company held on December 13, 2012, it adopted a new strategy for the 2013 and 2014 fiscal year. As a result, the Company plans to agree on restructuring the financial sources to provide the platform for further implementation of the strategy. Sava dd plans final arrangement with the lending banks, which will enable consolidation of its investment portfolio and business optimization of Tourism sector. The volume of financial expenses at the level of subsidised companies is planned with due regard to the existing contractual interest rates, while Sava dd plans to reduce the bank interest rates to the level, which will facilitate its further implementation of the strategy. The Company is to sell Rubber Manufacturing and part of Real Estate and Energy Management, while the largest operations in the Group will be represented by Sava dd, engaged in investments in the banking sector and the merged and consolidated tourism. In the 2013 fiscal year, Sava dd will continue to carry out the activities for selling the remaining investments in the real estate sector and energy management business. In the 2013 fiscal year, sales revenues of the subsidiaries of the Sava Group will be higher than in the 2012 fiscal year. Its prevailing part refers to the generated sale of Tourism, where a further growth is anticipated.
Sumitomo Rubber Industries Ltd to Merge with Subsidiary
Sumitomo Rubber Industries Ltd annoucned that it has decided to merge with its Tokyo-based wholly owned subsidiary, which engages in the sale of tyre to overseas markets, effective January 1, 2013. After the merger, the subsdiary will be dissolved.
NISHIKAWA RUBBER CO LTD to Dissolve Sub-subsidiary
NISHIKAWA RUBBER CO LTD announced that it will dissolve its wholly owned sub-subsidiary, which has been engaged in the manufacturing, processing and sale of rubber and plastic products for automobile, civil engineering and construction use in Korea, effective August 31, 2012. The liquidation will be completed in December 2012.
Schrader Duncan Ltd Announces Merger With Subsidiary
Schrader Duncan Ltd announced that the Board of Directors of the Company at its meeting held on August 14, 2012, inter alia, has considered the merger of the Company (Schrader Duncan Limited) with its 100% Subsidiary that is (Associated Polymers Limited). A scheme of Merger would be put forth, for the Approval of the Board of Directors in next Board Meeting.
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Analyst Research
| Report Title | Price |
|---|---|
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Provider: Bohai Securities Co.,Ltd.
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$23.00
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Provider: GlobalData
|
$125.00
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Provider: SADIF-Investment Analytics, S.A.
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$25.00
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Provider: Auerbach Grayson & Co., Inc.
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$25.00
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Provider: Wright Reports
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$65.00
|
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