At a meeting held today, the Adastria Co., Ltd. ("Company") Board of Directors resolved to transfer the Company's e-commerce mall management business and related businesses to consolidated subsidiary and ST Co., Ltd. ("and ST") through an absorption-type company split ("Company Split"), effective December 1, 2024 (tentative). The Company entered into an absorption-type company split agreement ("Agreement") with and ST today.
As the Company Split is a simplified, short-form merger with a wholly owned subsidiary, the Company has omitted certain disclosures.
* Details of the above release can be viewed in PDF file.
Notice Concerning of Company Split (Absorption-Type Company Split) With a Consolidated Subsidiary