Asia
Hanwa to Absorb Unit HKG Trading in Internal Restructuring
Hanwa (TYO:8078) is carrying out an absorption-type company split with wholly owned unit HKG Trading to streamline operations and strengthen group management, according to a Friday filing on the Tokyo Stock Exchange.The move will transfer certain assets, liabilities and business functions tied to group companies to Hanwa, with the restructuring set to take effect on June 30.No cash consideration will be involved and Hanwa's capital will remain unchanged.
TYO:8078
