NIPPON STEEL (JP:5401) has released an update.
Nippon Steel Corporation (NSC) has announced a strategic absorption-type merger with its wholly-owned subsidiary, Nippon Steel Stainless Steel Corporation (NSSC), effective April 1, 2025. The merger aims to address the changing market conditions such as declining domestic demand and overcapacity in Asia by maximizing synergies between the companies and focusing on profit growth. The merger will not require shareholder approval due to its simplified status under Japanese corporate law and involves no exchange of shares.
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