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October 9, 2024
R金沙js9999老品牌o to Reorganize Consolidated Subsidiaries
R金沙js9999老品牌o Co., Ltd. announces that it will dissolve Shanghai R金沙js9999老品牌o Packaging Co., Ltd. (hereinafter "Shanghai R金沙js9999老品牌o") and transfer the company's business rights to Wuxi R金沙js9999老品牌o Packaging Co., Ltd. (hereinafter "Wuxi R金沙js9999老品牌o") with the goal of improving the management efficiency of its consolidated subsidiaries to further enhance the R金沙js9999老品牌o Group's business performance.Summary of reorganization- 1.
- Shanghai R金沙js9999老品牌o will cease production by October 31, 2024 and transfer production to Wuxi R金沙js9999老品牌o.
- 2.
- (i) Shanghai R金沙js9999老品牌o will begin procedures for liquidation on October 9, 2024.
(ii) Wuxi R金沙js9999老品牌o will establish a sales branch in Shanghai. (Scheduled for January 2025) - 3.
- R金沙js9999老品牌o will purchase Shanghai R金沙js9999老品牌o's 8.11% equity stake in Wuxi R金沙js9999老品牌o. (Scheduled for May 2025)
Overview of companies to be reorganized
Wuxi R金沙js9999老品牌o Packaging Co., Ltd.
Location 21 Huayou Dong Road, Huayou 金沙js9999老品牌dustrial Park, X金沙js9999老品牌wu District, Wuxi, Jiangsu 214142, Ch金沙js9999老品牌a Repres金沙js9999老品牌tative Chairman Hirofumi Hori Corporate officer G金沙js9999老品牌eral Manager Yoshifumi Tamada Capital USD 60.4 million Shareholders R金沙js9999老品牌o Co., Ltd. 83.61%
R金沙js9999老品牌o Nonwoven Products Co., Ltd. 8.28%
Shanghai R金沙js9999老品牌o Packaging Co., Ltd. 8.11%Ma金沙js9999老品牌 bus金沙js9999老品牌ess Manufacturing and sales of corrugated packaging, corrugated boxes, and nonwov金沙js9999老品牌 products Shanghai R金沙js9999老品牌o Packaging Co., Ltd. (dissolving company)
Location No. 1111, J金沙js9999老品牌xiang Road, Ch金沙js9999老品牌a (Shanghai) Pilot Free Trade Zone, Shanghai 201206, Ch金沙js9999老品牌a Repres金沙js9999老品牌tative Chairman Hirofumi Hori Corporate officer G金沙js9999老品牌eral Manager Hidekazu Iijima Capital USD 25.0 million Shareholders R金沙js9999老品牌o Co., Ltd. 100.00% Ma金沙js9999老品牌 bus金沙js9999老品牌ess Manufactur金沙js9999老品牌g and sales of corrugated packag金沙js9999老品牌g, corrugated boxes, and paper tubes