Teijin Fibers & Teijin Techno Products to be splitting companies
23 Dec '09
1 min read
Teijin Limited (“Teijin”) announces that its Board of Directors resolved, at a meeting held on December 18, 2009, to split the current polyester raw materials and polymerization business and power supply business of Teijin Fibers Limited (“Teijin Fibers”), Teijin's wholly owned subsidiary, as well as the current power supply business of Teijin Techno Products Limited (“Teijin Techno Products”), also Teijin's wholly owned subsidiary, and subsequently absorb these businesses into Teijin as of April 1, 2010.
These transactions are simple absorption-type company splits, where Teijin becomes the successor of its wholly-owned subsidiaries' businesses. Accordingly, some items for disclosure are omitted in this announcement.
marketing@alchempro.com
