Yamashin-Filter Corp. (JP:6240) has released an update.
YAMASHIN-FILTER CORP. has announced the decision to dissolve and liquidate its subsidiary YAMASHIN FILTER(SIP) TECHNOLOGY INC., due to a persistently challenging business environment in China worsened by the real estate recession. The company is planning to record related expenses as extraordinary losses in the next fiscal year and will establish a new subsidiary in China to maintain customer sales after the dissolution.
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