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Hitachi Zosen Corporation ( (JP:7004) ) has provided an announcement.
Kanadevia Corporation announced the absorption-type merger of its wholly-owned subsidiary Promotec Corporation, effective April 1, 2025. This merger is part of Kanadevia’s strategy to consolidate management resources for more integrated business operations, aiming to enhance management efficiency. As a simplified merger, it will proceed without a general meeting of shareholders, and no stock or financial allocations are involved.
More about Hitachi Zosen Corporation
Kanadevia Corporation, formerly known as Hitachi Zosen Corporation, operates in the environmental, machinery, and infrastructure business sectors and offers carbon neutral solutions. The company focuses on developing, maintaining, and selling design systems for steel structures, such as bridges.
YTD Price Performance: 6.29%
Average Trading Volume: 704,535
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: Yen174.4B
Learn more about 7004 stock on TipRanks’ Stock Analysis page.