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Appliances, Tools & Housewares

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Grand Hall Enterprise updates record date of water heater section transfer

Thursday, 30 Jul 2015 05:02am EDT

Grand Hall Enterprise Co Ltd:To transfer water heater section to a wholly owned subsidiary.Transfer record date Aug. 1.

Janome Sewing Machine announces merger between subsidiaries

Thursday, 30 Jul 2015 02:00am EDT

Janome Sewing Machine Co Ltd:Says its Yamanashi-based wholly owned subsidiary to merge with its Hyogo-based wholly owned subsidiary on Oct. 1.Says the Hyogo-based wholly owned subsidiary will be dissolved after the transaction.

Grand Hall Enterprise to transfer business to subsidiary

Wednesday, 6 May 2015 06:44am EDT

Grand Hall Enterprise Co Ltd:To transfer water heater section to a wholly owned subsidiary and to acquire 2,000,000 shares of the subsidiary at T$10 per share.Transfer record date July 31.

Midea Group to merge subsidiary

Tuesday, 28 Apr 2015 08:00pm EDT

Midea Group Co Ltd:Says to merge a wholly owned Foshan-based household appliances group subsidiary and its wholly owned Foshan-based investment subsidiary.Says the Foshan-based subsidiary and its subsidiary to be dissolved after transaction.

Star Comgistic Capital restructures subsidiaries

Friday, 24 Apr 2015 06:00am EDT

Star Comgistic Capital Co Ltd:A Zhangzhou-based subsidiary to set up a wholly owned investment sub-subsidiary in Hong Kong.The Hong Kong-based subsidiary to acquire 100 pct stake in an intelligence subsidiary of the company at $968,545.48.

Whirlpool Corp plans 500 million Euro Italy investment, 1,350 job cuts - Reuters

Thursday, 16 Apr 2015 12:42pm EDT

Whirlpool Corp:Says it would invest 500 million Euros ($535.25 million) over four years in Italy as part of a restructuring plan that would see 1,350 redundancies - Reuters.The plan aims at 'improving efficiencies and capacity utilization and integrating its manufacturing operations.It would include the closure of some sites with 400 extra layoffs in addition to 950 redundancies already planned at the time it acquired Indesit in July last year.Whirlpool said it would meet unions on April 20 for detailed discussion of the plans, which include the closure of the Carinaro site near Naples with the loss of 800 jobs.Says a large part of the 500 million Euros earmarked for the next four years would be aimed at building up production in Italy through a specialized network of factories and extra investment in research and development.

Toell to merge with wholly owned subsidiary

Monday, 16 Feb 2015 02:00am EST

Toell Co Ltd:To merge with a Yokohama-based wholly owned subsidiary on May 1.The subsidiary will dissolve after merger.

Somfy no longer holds stake in Edify

Friday, 19 Dec 2014 11:45am EST

Somfy SA:Says from today Somfy does not hold any Edify share anymore.On Nov. 27 Somfy shareholders were offered for every share an Edify share worth 50 euros ($61) or 50 euros gross in cash.4,809,484 Edify shares were distributed; cash was paid to holders of 2,626,063 shares.The 251,136 Edify shares not given to Somfy shareholders were acquired by Edify at 50 euros per share.Project to separate the group's two branches of activity has taken place according to plan.

Empire AB moves warehousing and logistics, shuts down Baltics office and focuses activities to Sweden

Thursday, 11 Dec 2014 03:14am EST

Empire AB:Empire AB.Says moves warehousing and logistics, shuts down its sales office in the Baltics and focuses its activities to Sweden.Says makes annual savings of about 4.5 million Swedish crowns.Says moving warehousing and logistics represents a significant cost reduction in stock, cargo and personnel starting from March 2015.

Somfy announces demerger of two operating divisions

Thursday, 27 Nov 2014 01:05pm EST

Somfy SA:Announces demerger of two operating divisions, Somfy Activities and Somfy Participations.Decides to proceed with exceptional distribution of reserves either in cash payment or in shares in Edify company at discretion of shareholders.Shareholders to be offered option of receiving one Edify share valued at 50 euros, or a gross cash amount of 50 euros, for each Somfy share held.Preference to be indicated between Dec. 2 and Dec. 12.

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