|
NP Trading Co., Ltd. (Head Office: Chiyoda-ku, Tokyo, President: Toshio Yamamoto),
a consolidated subsidiary of Nippon Paper Industries Co., Ltd. (President: Masatomo
Nakamura), and Mantsune Corporation (President: Takeshi Fujita), an agent of
Nippon Paper Industries, have concluded a merger agreement following respective
resolutions today by the companies' boards of directors, in accordance with the
basic agreement concluded by both companies on March 30 of this year. A summary
of the agreement follows.
Following approval of this merger agreement at the companies' general shareholders
meetings (NP Trading: scheduled for August 24, Mantsune: scheduled for August
27), the new company will be inaugurated on October 1 of this year.
Summary of the Merger Agreement
| 1. |
Company
name after merger |
: |
NP Trading Co., Ltd. |
| |
*NP Trading
will be the surviving company after the merger, while Mantsune will be dissolved. |
| 2. |
Head Office |
: |
2-2-1 Uchikanda,
Chiyoda-ku, Tokyo (current location of NP Trading's head office) |
| 3. |
Merger ratio |
: |
| Company |
NP Trading |
Mantsune |
| Merger ratio |
1 |
0.343 |
|
| 4. |
Capital |
: |
¥1.0 billion |
Further notices regarding matters including officers of the new company, division
of duties and the company's organization will be released as soon as they have
been finalized. |
