TOKYO, Mar 31 (Pulse News Wire) – Asanuma Corporation (1852.T) resolved today during its board meeting to close two subsidiaries established in Thailand in 2021. Operations at both entities will cease on April 30, 2026, with completion of liquidation expected within one to two years.
The closures are part of ongoing efforts to rationalize operations. The subsidiaries, Thai Asanuma Holdings Co., Ltd. and Thai Asanuma Construction Co., Ltd., have been engaged in carbon fiber reinforcement work for civil and construction structures in Thailand since their establishment in June and July 2021, respectively. Thai Asanuma Holdings Co., Ltd. is headquartered at 2034/70 15th Floor, Italthai Tower, New Petchburi Road, Bangkapi, Huaikwang, Bangkok 10,310.
Its capital is 4,000,000 baht, and it operates under the leadership of Shin Hamanaka, an employee of Asanuma Corporation. The subsidiary's primary activities involve holding shares of operating companies and selling construction materials. Thai Asanuma Construction Co., Ltd. is located at the same address and has a capital of 5,000,000 baht. Led by Shin Hamanaka, this entity focuses on general construction projects and repair and reinforcement of construction structures.
The impact on consolidated performance due to the closure of these subsidiaries is anticipated to be minor.
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