Asia
Yamazen Board Approves Absorption-Type Merger of Unit AtoG1
Yamazen (TYO:8051) said its board approved an absorption-type merger of its subsidiary, AtoG1, to streamline group operations, according to a Tuesday filing with the Tokyo Stock Exchange.The Japan-based machine tools company said that under the absorption-type merger, AtoG1 will be dissolved into the company, and no shares or other consideration will be issued as part of the transaction.The merger agreement will be executed the same day, and the merger is scheduled for Aug. 1.
TYO:8051
