Notice Regarding the Cancellation of the Business Integration by Way of Joint Share Transfer Between Nippon Shokubai Co., Ltd. and Sanyo Chemical Industries, Ltd. and the Termination by Mutual Agreement of the Final Agreement Concerning the Business Integration
- 2020/10/21 IR News
As announced in “Notice Regarding the Execution of a Final Agreement Concerning the Business Integration by Way of Joint Share Transfer Between Nippon Shokubai Co., Ltd. and Sanyo Chemical Industries, Ltd.” dated November 29, 2019 and “Notice Regarding the Postponement of the Business Integration by Way of Joint Share Transfer Between Nippon Shokubai Co., Ltd. and Sanyo Chemical Industries, Ltd. and the Reassessment of the Share Transfer Ratio” dated April 13, 2020, Nippon Shokubai Co., Ltd. and Sanyo Chemical Industries, Ltd. (collectively, the “Companies”) agreed to conduct a business integration (the “Business Integration”) by establishing Synfomix Co., Ltd. by way of joint share transfer, which was planned to become the parent company of the Companies as of April 1, 2021. However, the Companies hereby announce that, at their respective extraordinary meetings of the Board of Directors held today, the Companies adopted a resolution to cancel the Business Integration and terminate by mutual agreement the final agreement concerning the Business Integration as of October 21, 2020.