Brief: Resonac: To Terminate Resonac HD Taiwan's HD Media Business Due To Changes In Market Conditions Including Stagnant Global Demand For Hard Disk Drives

Resonac Holdings

15/09/2023 07:04

Sept 15 (Reuters) - Resonac Holdings Corp  4004.T :
    * RESONAC ANNOUNCES TERMINATION OF HD MEDIA BUSINESS IN
TAIWAN
    * RESONAC - TO TERMINATE RESONAC HD TAIWAN'S HD MEDIA
BUSINESS DUE
TO CHANGES IN MARKET CONDITIONS INCLUDING STAGNANT GLOBAL DEMAND
FOR HARD DISK DRIVES
    * RESONAC - WILL TERMINATE HD MEDIA PRODUCTION IN TAIWAN BY
END OF
OCTOBER, HOLD TAIWAN UNIT'S SHAREHOLDER MEETING TO LIQUIDATE IT
IN JUNE 2024

Source text: https://www.release.tdnet.info/inbs/ek/140120230915555120.pdf
Further company coverage:  4004.T 

 (Reporting by Kantaro  Komiya)
 ((Kantaro.Komiya@thomsonreuters.com;))