Taiheiyo Cement announces share exchange

Byjirong

Updated Fri, 01 Jul 2016 16:02:00 GMT

Taiheiyo Cement Corporation has announced that the proposal for the share exchange agreement between the Company and DC Co. Ltd. Was approved at the general shareholders meeting of DC held today. Accordingly, the share exchange wherein the Company becomes wholly-owning parent company of DC and DC becomes a wholly-owed subsidiary of the Company will be executed with 1 August 2016 as the effective date, subject to approval of a relevant Japanese government agency such as the Fair Trade Commission.