30 March 2017
DETAILS
JSR Corporation, and
Mitsubishi Rayon Co., Ltd.
previously signed a basic agreement
to start negotiations on the integration
of the ABS resin business
of their respective subsidiaries.
The integration concerns
a wholly-owned subsidiary of JSR, and
which is equally owned by
Ube Industries (50%) and Mitsubishi Rayon (50%).
The details of the basic agreement
were announced in the press release dated May 9, 2016.
The integration will take the form of
an absorption-type split,
with UMG ABS as the absorbed company and
Techno Polymer as the successor company
(hereinafter, "the absorption-type split").
As the absorption-type split will be conducted
by the subsidiaries of the parties, some matters
for disclosure and details about
the absorption-type split have been withheld
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