MOS Food to Absorb Subsidiary to Boost Operational Efficiency

MT Newswires Live

01/26

Mos Food Services (TYO:8153) said its board approved an absorption-type merger of wholly owned unit MOS Credit Inc., effective April 1, to improve operational efficiency, according to a Monday filing on the Tokyo Stock Exchange.

The merger, treated as a simplified and short-form merger under Japan's Companies Act, will not involve any share issuance or cash payments.

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