Solasto Corp. (JP:6197) has released an update.
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Solasto Corporation has announced that Daito Trust Construction Co., Ltd. is a major shareholder, owning 34.50% of Solasto’s voting rights, making both companies affiliates. While Solasto operates in some similar business areas as Daito Trust, it maintains a degree of independence in management policies and business activities. Only one of Solasto’s directors and auditors holds a concurrent position with Daito Trust, ensuring a diverse and objective leadership.
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