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Nippon
Paper Crecia Co., Ltd. (President: Kazuhiro Sakai), a member of the Nippon Paper
Group, is pleased to announce that it has adopted a resolution to conclude a
basic agreement on the transfer of the business of ALVO CORPORATION, a paper
product wholesaler and 54.2% subsidiary, to Chuo Bussan Corporation.
Details |
| 1. Profile of Subsidiary |
| Corporate Name: |
ALVO CORPORATION |
| Location: |
2-9 Nihonbashi Kobunecho, Chuo-ku,
Tokyo |
| Representative: |
Takeshi Ohnishi, Representative
Director and Chairman; Takanori Akieda, Representative Director and President |
| Date of Incorporation: |
February 25, 1953 |
| Accounting Date: |
March 31 |
| Business: |
Wholesale and sale of paper products,
real estate rental |
| Capital: |
40,600,000 yen |
| |
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2. Profile of Transferee |
| Corporate Name: |
Chuo Bussan Corporation |
| Location: |
2-2-3 Minami-Aoyama, Minato-ku,
Tokyo |
| Representative: |
Seiichiro Kojima, Representative
Director and President |
| Date of Incorporation: |
October 6, 1950 |
| Accounting Date: |
March 31 |
| Business: |
Sale of cosmetics, soap, detergent,
medication and quasi-drugs, hygiene products, etc., and hotel business |
| Capital: |
1,608,227,000 yen |
| |
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3. Scheduled Date
of Transfer of Subsidiary |
| |
April 2, 2007 |
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