Prima Meat Packers Balances Independence and Ties with ITOCHU

Prima Meat Packers,Ltd. (JP:2281) has released an update.

Prima Meat Packers, Ltd., a subsidiary of ITOCHU Corporation, maintains a degree of managerial independence despite close ties with its parent company, including shared executives and the sourcing of raw materials. The company has implemented measures to protect minority shareholders, such as consulting with an advisory committee for important transactions, and ensuring competitive pricing by obtaining multiple supplier quotations.

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