Showa Denko KK (JP:4004) has released an update.
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Resonac Holdings Corporation has announced an organizational restructuring involving the partial spin-off of its petrochemical business. This move will see Crasus Chemical, a subsidiary, absorb the business, with shares distributed as an in-kind dividend. The restructuring is set to be effective from January 1, 2025, and aims to streamline operations within the company.
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