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Japan Tobacco Upgrades Thai Subsidiary’s Status

Japan Tobacco Upgrades Thai Subsidiary’s Status

Japan Tobacco (JP:2914) has released an update.

Japan Tobacco Inc. has announced that following a capital increase of THB 7,380 million, its subsidiary JT International (Thailand) Limited will now be designated as a specified subsidiary. This change, scheduled for October 2024, is not expected to materially impact JT Group’s consolidated performance for the fiscal year. JT Group operates globally in tobacco, pharmaceuticals, and processed food sectors, with key tobacco brands like Winston and Camel.

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