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| December 24, 2013 |
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| Mitsubishi Chemcial to Acquire Shares in Chuo Rika Kogyo |
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| Mitsubishi Chemical Corporation |
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Mitsubishi Chemical Corporation (MCC; Head office: Chiyoda-ku, Tokyo; President: Hiroaki Ishizuka) today announced that the company concluded a contract with Sankyo Kasei Corporation (Sankyo Kasei; Head Office: Chuo-ku, Osaka; President: Kazuo Ogawa) on the transfer of shares in MCC’s consolidated subsidiary, Chuo Rika Kogyo Corporation (CRK; Head Office: Chuo-ku, Osaka; President: Shuhei Yada). MCC decided to acquire CRK shares held by Sankyo Kasei as outlined below to make CRK its wholly owned subsidiary. This move will further enhance links between MCC and CRK.
The acquisition is scheduled for March 28, 2014.
Status of shares held before and after acquisition:
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Number of shares held by MCC |
Percentage of total voting rights |
| Before acquisition |
26 |
68.4% |
| New acquisition |
12 |
31.6% |
| After acquisition |
38 |
100% |
*Calculated from the total number of voting rights as of November 30, 2013
(Rounded off to one digit after decimal point)
| For further information, please contact: |
Public Relations and Investor Relations Office
Mitsubishi Chemical Holdings Corporation
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| Tel: [+81] (0)3-6748-7140 |
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Outline of Chuo Rika Kogyo Corporation (As of March 31, 2013)
| Representative: |
Shuhei Yada |
| Established: |
April 1959 |
| Capital: |
￥101.15 million |
| Net sales: |
￥6.3 billion (fiscal 2012) |
| Employees: |
148 |
| Location: |
2-5-8, Imabashi, Chuo-ku, Osaka-shi |
| Major business and products: |
Emulsions (Vinyl acetate resin, Acrylic copolymer resin, and Polyolefin) |
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