Mos Food Services (TYO:8153) said its board approved an absorption-type merger of wholly owned unit MOS Credit Inc., effective April 1, to improve operational efficiency, according to a Monday filing on the Tokyo Stock Exchange.
The merger, treated as a simplified and short-form merger under Japan's Companies Act, will not involve any share issuance or cash payments.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments