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Koshidaka Board Approves Dissolution, Liquidation of Singapore Unit

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Koshidaka (TYO:2157) said Tuesday that its board approved the dissolution and liquidation of its Singapore unit, Koshidaka International, according to a Tokyo Stock Exchange filing on Tuesday.

The Japanese leisure services company noted that its wholly owned subsidiary, which served as the holding company to manage its overseas operations, has a share capital of SG$21.3 million.

The company expects no losses from the dissolution, and the impact on its financial performance is expected to be minimal.

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