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Showa Denko Announces Change in Effective Date of Company Split

The Board of Directors, at a meeting also held today, passed a resolution to change the effective date of the company split. ....

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Showa Denko Announces Change In Effective Date Of Company Split (Simplified Absorption-Type Company Split)

Thursday, 27 May 2021, 5:26 am
TOKYO, May 26, 2021 - (JCN Newswire) - As stated in the
Announcement of Execution of Master Agreement regarding
Series of Transactions to Effect, among other matters, the
Succession of the Aluminum Can and Aluminum Rolling
Businesses through Company Splits (Simplified
Absorption-Type Company Splits), and Result in Certain
Consolidated Subsidiary Ceasing to be a Consolidated
Subsidiary of Showa Denko K.K. , dated January 28, 2021, the
Company originally planned to succeed the aluminum can
business of the Company to Showa Aluminum Can Corp., which
is a wholly owned consolidated subsidiary of the Company,
effective on June 1, 2021.
However, the Board of
Directors, at a meeting also held today, passed a resolution ....

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Showa Denko Announces Change in Effective Date of Company Split (Simplified Absorption-Type Company Split)

Showa Denko Announces Change in Effective Date of Company Split (Simplified Absorption-Type Company Split)
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Showa Denko K.K. Announces Execution of Master Agreement regarding Series of Transactions

Showa Denko K.K. Announces Execution of Master Agreement regarding Series of Transactions
- to Effect, among other matters, the Succession of the Aluminum Can and Aluminum Rolling Businesses through Company Splits (Simplified Absorption-Type Company Splits), and Result in Certain Consolidated Subsidiary Ceasing to be a Consolidated Subsidiary of Showa Denko K.K.
TOKYO, Jan 28, 2021 - (JCN Newswire) - This is to announce that the Company has decided to execute a master agreement (hereinafter referred to as the Master Agreement ) with a special-purpose company formed by funds managed by affiliates of Apollo Global Management, Inc. (collectively, hereinafter referred to as Apollo ), regarding a series of transactions, including the succession of the aluminum can business of the Company to Showa Aluminum Can Corp., which is a wholly owned consolidated subsidiary of the Company (hereinafter referred to as Showa Aluminum Can ), and the succession of the aluminum rolling busin ....

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