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FINWIRES

Aoyama Trading to Consolidate Customlife Head Office Lease Rights via Company Split

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Aoyama Trading (TYO:8219) will take over the rights and obligations related to the lease agreement of the head office of its wholly-owned subsidiary Customlife via an absorption-type company split, effective Sept. 30, according to a Monday filing with the Tokyo Stock Exchange.

Under the short-form absorption-type company split, no shares will be allotted, and no other monetary consideration will be delivered, the filing said.

Aoyama Trading will only take over the contractual status concerning the lease agreement and the rights and obligations based on the lease agreement, and will not succeed to any business, it said.

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