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FEED ONE CO., LTD. Announces Subsidiary Merger and Name Change

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FEED ONE CO., LTD. Announces Subsidiary Merger and Name Change

Elevate Your Investing Strategy:

FEED ONE CO ( (JP:2060) ) just unveiled an update.

FEED ONE CO., LTD. announced an absorption-type merger between its wholly owned subsidiaries, Iwate Feed One Hanbai Co., Ltd. and Hachinohe Feed One Hanbai Co., Ltd., with Iwate Feed One Hanbai as the surviving company. The merger aims to strengthen the company’s feed business and streamline sales and management resources. The surviving company will be renamed Tohoku Feed One Hanbai Co., Ltd. The impact on the company’s consolidated financial results is expected to be minor.

More about FEED ONE CO

FEED ONE CO., LTD. is a company listed on the Tokyo Stock Exchange, primarily involved in the livestock feed, fishery feed, food, and overseas markets. The company is focused on expanding its business through these four pillars of profit.

Technical Sentiment Signal: Strong Sell

Current Market Cap: $223.3M

For detailed information about 2060 stock, go to TipRanks’ Stock Analysis page.

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