Asia
Sumitomo Rubber Industries to Merge with Wholly Owned Unit
Sumitomo Rubber Industries (TYO:5110) resolved to merge with its wholly owned subsidiary, SRI Logistics, effective Jan. 1, 2027, to consolidate logistics functions and improve operational efficiency.As a simplified merger of a wholly owned subsidiary, no shareholder approval is required, and no shares or cash will be issued in the transaction, according to a Tokyo bourse filing on Wednesday.
TYO:5110
