Toppan Printing

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.

Toppan Printing and ITOCHU agreed a capital and business alliance to acquire a 10.7% stake in TPN Food Packaging, a Thai flexible packaging company set up by the TPN Group, targeting food and toiletry packaging.