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Nippon Piston Ring Co., Ltd. and Riken Corporation have signed an MoU to establish a joint holding company, NPR-Riken Corporation, via mutual stock transfer, consolidating the two companies on equal terms.
“The MoU has been resolved by the board of directors of the two companies and the trading name of the new joint company will be NPR-Riken Corporation.”pim-international.com
Summarized from public sources; check the original articles before acting on it.