Marumae (TYO:6264) will merge its wholly-owned subsidiary KMX on Jan. 1 to streamline operations and combine management resources, following its April acquisition of KM Aluminium through the SPC, according to a Friday filing on the Tokyo Stock Exchange.
The deal is a simplified absorption-type merger, requiring no shareholder vote. KMX will be dissolved, with no share or cash allotments involved.
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