Oil & Gas Refining and Marketing
Sinanen Co Ltd:To transfer BtoB business to a wholly owned energy marketing sub-subsidiary not a newly established subsidiary, effective Oct. 1.
AP Oil International Ltd:Says a dormant wholly-owned subsidiary of Alpha Pacific Petroleum (S) Pte Ltd ('APP'), which in turn is a wholly-owned subsidiary of the Company, has been dissolved in United Kingdom pursuant to an application made by APP.The dissolution of AP Oil Ltd is not expected to have any significant effect on the consolidated net tangible assets per share and consolidated earnings per share of the Group for the financial year ending Dece. 31.
SK Networks Co., Ltd:To merge with a wholly owned subsidiary, SteveYoni, which is engaged in manufacturing of clothes business.Merger effective date of Oct. 1 and registered date of Oct. 5.The company will survive and the subsidiary will be dissolved after the merger.
MISUMI CO LTD:Kagoshima-based wholly owned subsidiary engaged in delivery of gas, to merge with four wholly owned subsidiaries of the company, which are engaged in delivery of gas.Effective Aug. 1.
Sinanen Co Ltd:Establishes a Tokyo-based wholly owned subsidiary on April 1, which will take over energy wholesales and related business from the company.Says transition to holding company structure on Oct. 1 with company name changed to SINANEN HOLDINGS CO., LTD.
Mitsuuroko Group Holdings Co Ltd:To postpone part of subsidiaries reorganization plan, with details to be determined.Previous plan was to take over all shares in subsidiary MITSUUROKO CO., LTD.'s wholly owned subsidiary, which will obtain all shares of three other wholly owned subsidiaries of MITSUUROKO, for logistics business reorganization, effective April 1, 2015.Previous plan was to spilt energy business of MITSUUROKO into five divisions and transfer four divisions to four other group companies, and take over three companies from MITSUUROKO, for energy business reorganization, effective July 1, 2015.
Motor Oil Hellas Corinth Refineries SA:Submitted draft agreement for separation of retail fuel and lubricants business of Cyclon Hellas S.A. to Piraeus Chamber of Commerce & Industry.Says that Cyclon network of retail fuel stations is to be absorbed by Avin Oil, wholly owned subsidiary of the Co.Says Cyclon's lubricants business to be transferred under new wholly owned subsidiary with legal name LPC.