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Rengo resolved to subscribe to 2,150,000 new shares in Toppan Containers and buy 340,000 shares from Toppan Printing, making Toppan Containers its subsidiary. The deal is subject to antitrust approvals in Japan and China.
“Rengo resolved to subscribe for the issuance of 2,150,000 new shares by third party allotment in Toppan Containers Co., Ltd.”lesprom.com
Summarized from public sources; check the original articles before acting on it.