TRE Holdings Co., Ltd. Notice Regarding Absorption-Type Merger between Consolidated Subsidiaries

TRE Holdings Co., Ltd.
Notice Regarding Absorption-Type Merger Between Consolidated Subsidiaries
At the meeting of the Board of Directors held today, the Company announced that its consolidated subsidiary (sub-subsidiary) River Co., Ltd. will absorb and merge with its consolidated subsidiary River Holdings Co., Ltd. on April 1, 2023. We have decided to make the following announcement. Since this merger is an absorption-type merger between the Company’s consolidated subsidiaries, some disclosure details have been omitted.
1. Purpose of the Merger
At the meeting of the Board of Directors held today, the Company announced that its consolidated subsidiary (sub-subsidiary) River Co., Ltd. will absorb and merge with its consolidated subsidiary River Holdings Co., Ltd. on April 1, 2023. (hereinafter referred to as the “Merger”) has been resolved. Since this merger is an absorption-type merger between the Company’s consolidated subsidiaries, some disclosure details have been omitted.
2. Summary of Merger
(1) Merger schedule
Board resolution and approval date (merging companies) November 10, 2022 Conclusion of merger agreement November 14, 2022
General meeting of shareholders to approve the merger: January 2023 (planned) Planned merger date (effective date) April 1, 2023 (planned) (2) Method of merger
This is an absorption-type merger with River Co., Ltd. as the surviving company from the perspective of succession of licenses, etc. owned by River Co., Ltd. River Holdings Co., Ltd. will be dissolved on the effective date.
(3) Details of allotment related to merger
Since River Holdings Co., Ltd., in which the Company holds shares, will be dissolved, all shares of River Co., Ltd. will be delivered to the Company, which is a 100% shareholder, as consideration for the merger. As a result, even after River Holdings Co., Ltd. is dissolved, River Co., Ltd. will continue to exist as a consolidated subsidiary of the Company.
(4) Handling of Stock Acquisition Rights and Bonds with Stock Acquisition Rights upon Merger
Not applicable.
3. Post-merger situation
There will be no change in River Co., Ltd.’s name, location, representative’s title/name, business content, capital, or fiscal year-end due to this merger. * Naoto Matsuoka, President and Representative Director, concurrently serves as Chairman and Representative Director of the Company and part-time Director of Takeei Co., Ltd.
4. Future outlook
As this merger is a merger between the Company’s consolidated subsidiaries, the impact on the Company and its consolidated business performance will be minor.
TRE Holdings Co., Ltd.
https://tre-hd.co.jp/
Details about this release:
https://prtimes.jp/main/html/rd/p/000000014.000092263.html


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