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Unicharm Halts Myanmar Subsidiary’s Capital Increase

Unicharm Halts Myanmar Subsidiary’s Capital Increase

Unicharm (JP:8113) has released an update.

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Unicharm Corporation announced the cancellation of a planned capital increase from its subsidiary, Uni.Charm(Thailand) Co., Ltd., to another subsidiary, UNICHARM MYANMAR CO., LTD., due to foreign currency remittance restrictions and other business environment concerns in Myanmar. The decision is not expected to significantly impact the company’s consolidated financial results.

For further insights into JP:8113 stock, check out TipRanks’ Stock Analysis page.

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