Apparel & Accessories
SANYO SHOKAI LTD:Says it to merge a wholly owned Tokyo-based subsidiary that engaged in lease and leasing of real estate.Says its subsidiary to be dissolved after merger.Planned effective on July 1.
Citizen Holdings Co Ltd:To merge with its Tokyo-based unit engaged in manufacture and sale of watch and related parts, and its another Tokyo-based unit engaged in real estate related business, with effective on Oct. 1.Says the two units to be dissolved after the transaction.To change its name into Citizen Watch Co., Ltd. after the merger.
Joeone Co Ltd:To dissolve a wholly owned Henan-based subsidiary that engaged in production and sale of clothing.
Hubei Xinyangfeng Fertilizer Co., Ltd:Says to merge a wholly owned Hubei-based fertilizer subsidiary and the subsidiary to be dissolved after merger.
Vincenzo Zucchi SpA:Court in Busto Arsizio approves the debt restructuring agreement.
Onward Holdings Co Ltd:To dissolve a wholly owned subsidiary in London.Effective date is not decided yet.
Citizen Holdings Co Ltd:Resolved to commence preparations to make the transition from a pure holding company structure to an operating holding company structure by Oct. 1.The Company plans to make the transition to a structure with the Company as the operating holding company by the method of absorption-type merger in which the Company is the surviving entity and Citizen Watch Co., Ltd. and Citizen Business Expert Co., Ltd. will be extinguished.With the transition to the operating holding company structure, the Company also plans to change the Company’s trade name to Citizen Watch Co., Ltd.
LS Networks Corp Ltd:To divest bicycle flow business into new subsidiary, namely BICLO Co., Ltd.Says division effective date of May 1 and registration date of May 4.
Gerry Weber International AG:Managing board has decided to launch a programme to realign Gerry Weber Group.Program launched against background of unsatisfactory business performance of past months and continued challenging market environment.
Codes Combine Co Ltd:To divest litigation related assets and liabilities to establish a new subsidiary, namely C&C Law Co.,Ltd., which will be mainly engaged in sale of clothes.Expected division effective date is Jan. 21.