Apparel & Accessories
Yamato International Inc <8127.T>: Says the co will offer an early-retirement program to employees, who are above 45 years old to 59 years old as of May 26 . Says offering period from June 20 to July 8 . Says the company expects 40 employees to take up the offer . Says the employees who take up the offer will retire on July 31 .The company will provide retirement payment and outplacement support to the retiring employees.
Desente Ltd <8114.T>: Says it will set up a wholly owned preparatory company to take over part of Desente's business via corporate splits .Says the preparatory company to be set up in mid September and corporate splits effective April 1, 2017.
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.