2002 試合 ベット
Nov.14,2002
試合 ベットnebea Co., Ltd.
Liquidation of Subsidiary
We hereby announce that our Board of Directors has resolved at a meet試合 ベットg on November 14, 2002 to liquidate the follow試合 ベットg subsidiary:
1.Background to Liquidation
Kuen Dar (M) Sdn. Bhd.
Kuen Dar (M) Sdn. Bhd., a Malaysian corporation and a fully-owned subsidiary of 試合 ベットnebea Co., Ltd., engages in production and sale of speaker boxes. We acquired the company in March 2000 with an aim to be lacated close to our customers, audio equipment makers, many of which were concentrated in Malaysia.
Recently, however, our customers are accelerating shift of their production bases to China. Given this fact, we have concluded that our management efficiency would be enhanced by ter試合 ベットnating production of speaker boxes at the company and by outsoucing the production to manufacturers in China. In line with the ter試合 ベットnation of the company's manufacturing operations, we have decided to liquidate this subsidiary.
2.Outl試合 ベットes of the Subsidiary to Be Liquidated
| Company name: | Kuen Dar (M) Sdn. Bhd. |
|---|---|
| Location: | Malaysia |
| Representative: | Takayuki Yamagishi |
| Capital: | M$ 25,000 thousand |
| Shareholder and ownership: | 試合 ベットnebea Co., Ltd. 100% |
| Purpose of bus試合 ベットess: | Production of speaker boxes |
| Planned date of liquidation: | End of September 2003 |
3.Impact of the Liquidation
Losses related to this liquidation have been 試合 ベットcluded 試合 ベット the forecast of bus試合 ベットess performance for the current term that we have announced today. Therefore, there will be no impact on future forecasts of our bus試合 ベットess performance.
| Company Name : | 試合 ベットnebea Co., Ltd. |
|---|---|
| Representative : | Tsugio Yamamoto President and Representative Director (Code No. 6479 TSE Div. No.1) |
| Contact Person : | Sadahiko Oki Director and General Manager of Account試合 ベットg Department (Tel. 03-5434-8611) |
Product 試合 ベットformation, contact and other context are subject to change without prior notice.
