Seiren to Use New Subsidiary in Revised Unitika, Nippon Ester Textile Business Acquisition Plan
MT Newswires Live
Oct 06, 2025
Seiren (TYO:3569) has revised its plan to acquire the textile business of Unitika and Nippon Ester, opting to first establish a subsidiary to facilitate the takeover.
The company initially planned an incorporation-type company split, which has since been canceled.
Under the new structure, the business will be transferred to a wholly owned subsidiary through an absorption-type company split, Seiren said in a Tokyo bourse filing on Monday.
Seiren will then acquire all shares of the new company on Jan. 1, 2026.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.