Brief: Ube Industries to integrate its separators business with consolidated subsidiary

UBE

01/11/2018 06:25

Nov 1(Reuters) - Ube Industries Ltd  4208.T  
    
    * Says the company will integrate its separators business
for
lithium-ion rechargeable batteries by a company split
(simplified absorption-type split).
    * In the integration, Ube Industries will split off its
separators
business, which will be succeeded by Ube Maxell Co., Ltd., the
company’s consolidated subsidiary 
    * The integration will take effect on January 1, 2019
    * Upon integration, Ube Maxell will issue 49,600 ordinary
shares
to be delivered in entirety to Ube Industries in exchange for
the rights and obligations subject to succession

    
    
    Source text in Japanese:http://bit.ly/2qnMfia
    Further company coverage: 4208.T 

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