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Ryoyo Electro Corporation and Ryosan Company, Limited entered into a memorandum of understanding to integrate their management, following board resolutions. The integration aims to combine their electronics businesses.
“Ryoyo Electro Corporation and Ryosan Company, Limited hereby announce that their respective boards of directors adopted resolutions to reach a basic agreement in order to realize the integration of their management.”sec.gov
Summarized from public sources; check the original articles before acting on it.