TYO:3880

2 stories mentioning TYO:3880Updated 31d ago

Every FINWIRES story that references TYO:3880, newest first.

Daio Paper to Dissolve, Liquidate Subsidiaries in Indonesia

Daio Paper (TYO:3880) said that it will dissolve and liquidate its Indonesian subsidiaries due to rising costs and high energy and material prices, apart from intensifying competition, according to a Friday release.The Tokyo-listed paper diaper company said that the subsidiaries include PT. Elleair International Trading Indonesia and PT. Elleair International Manufacturing Indonesia, and the move is part of its structural reforms under its fifth medium-term business plan.

TYO:3880

Asia46d ago

Daio Paper Says Transfer of Subsidiary Equity Interest, Asset Still Pending

Daio Paper (TYO:3880) said the planned transfer of part of its equity interest in the consolidated subsidiary Forestal Anchile LTDA and the warehouse real estate related to its Kawasaki operations is delayed, according to a Wednesday filing on the Tokyo Stock Exchange.The Tokyo-listed company said it is proceeding with the procedures for the transactions, and there is no change to its policy of proceeding with the transfers.

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