NEWSAnnouncement of plan to form a joint holding company with Shindaiwa Corporation

NEWS

Announcement of plan to form a joint holding company with Shindaiwa Corporation

Corporate Activity/

Following a business and capital alliance with Shindaiwa Corporation commenced on May 21, 2007, we, Kioritz Corporation agreed with Shindaiwa to unite two companies into a single entity governed by a newly formed joint holding company in Japan on or around December 1, 2008. Both believe this action will strengthen the commitment to the future.
 

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