News Releases / 2016
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May 13, 2016
R金沙js4399o Acquires Shares to Make Tri-Wall Holdings a Subsidiary
R金沙js4399o Co., Ltd. (Head Office: Kita-ku, Osaka; Chairman, President & CEO: Kiyoshi Otsubo) announces that the board has resolved at a meeting on May 13, 2016, to acquire 100% of the common shares in Tri-Wall Holdings Limited (Head Office: British Cayman Islands) from the existing three shareholders, and entered into share transfer agreements with these shareholders.
Completion of the final transfer is scheduled for the 金沙js4399d of October 2016 subject to the approval of the Ministry of Commerce of the People's Republic of China.
1. Reasons for the Acquisition of Shares
The R金沙js4399o Group defines itself as a “General Packaging Industry,” providing comprehensive solutions for a wide range of packaging needs in the six core fields of paperboard, corrugated packaging, folding cartons, flexible packaging, heavy duty packaging, and overseas business, which form a hexagonal business structure.
The target of this acquisition, Tri-Wall Hold金沙js4399gs, is a hold金沙js4399g company of the Tri-Wall Group, and owns global heavy duty corrugated board brands 金沙js4399clud金沙js4399g Tri-Wall Pak® and Bi-Wall Pak® , with business ext金沙js4399ding throughout Asia and Europe.
The addition of the heavy duty corrugated board Tri-Wall products, which are globally-recognized brands, into R金沙js4399o's line-up will further enhance the corrugated packaging business, which is one of our core businesses. R金沙js4399o hopes that this stock acquisition leads to further expansion of business scope and enhanced performance by better responding to the broad needs of our customers.
2. Overview of Company
Name Tri-Wall Hold金沙js4399gs Limited
Office location The offices of Offshore 金沙js4399corporations (Cayman) Limited, Floor 4, Willow House,
Cricket Square, P O Box 2804, Grand Cayman KY1-1112, Cayman IslandsDirectors ZHAO Hanxi, Yuji SUZUKI, Masahiro ITO, ZHOU Chuihuan,
Robert Kyle BAKER, Hironobu NAKANO, ZHANG XiaoliMa金沙js4399 Bus金沙js4399ess 100% Stock ownership of Tri-Wall Limited,
which manages heavy duty packag金沙js4399g materials manufacture and sales bus金沙js4399esses.Capital 9,269 million y金沙js4399 Net Sales 1,456 million HKD (fiscal year 金沙js4399ded December 31, 2015)