News / Minebea releases announcement regarding Liquidation of Subsidiary
Date: 2013-12-03
Minebea releases announcement regarding Liquidation of Subsidiary
Minebea Co., Ltd. ("Minebea" or the "Company") hereby announces that, at a Board of Directors meeting held today on November 29, 2013, it has resolved to liquidate Shanghai Shun Ding Technologies Ltd. ("Shun Ding"), a 100% owned subsidiary of Minebea, located in China.
Shun Ding, as one of Minebea's subsidiaries in China, has manufactured keyboard parts and components. As a result of having withdrawn from its keyboard business, however, the Company has decided to resolve the liquidation of its subsidiary.
1. Outline of Shanghai Shun Ding Technologies Ltd.
(1) Representative Junichi Mochizuki (Representative Director, Chairman)
(2) Location of Head Office China
(3) Date of Establishment November 12, 2002
(4) Capital US$ 132,000,000
(5) Number of Employees 0 (As of October 31, 2013)
(6) Shareholder Minebea Co., Ltd. 100%
(7) Business Manufacture of keyboard parts and components
2. Time of Liquidation
March 31, 2015 (planned)
3. Outlook for the Future
There will be no impact of this liquidation expected on Minebea's business performance for the fiscal year ending March 31, 2014.
Company Name: Minebea Co., Ltd.
Representative: Yoshihisa Kainuma
Representative Director,
President and Chief Executive Officer
(Code No. 6479, TSE Div. No.1)
Contact: Hiromi Yoda
Managing Executive Officer,
Deputy Officer in Charge of Administration,
Accounting, IT Division
Tel: +81-(0)3-6758-6711
Information in the press releases is current on the date of the announcement.
Product information, contact and other context are subject to change without prior notice.
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