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Kobe Steel announced on March 5, 2021 that it will transfer its standard compressor business to its wholly owned subsidiary Kobelco Compressors through a simplified absorption-type company split.
“it has resolved to succeed its standard compressor business to Kobelco Compressors Corporation, a Kobe Steel's wholly owned subsidiary”kobelco.co.jp
Summarized from public sources; check the original articles before acting on it.