TOKYO, May 12 (Pulse News Wire) – Erex CO.,LTD. (9517.T) resolved to dissolve its capital-business alliance with JFE Engineering Co., Ltd.
During a board meeting held. The decision was made based on the achievement of initial collaboration goals and evolving strategic needs. The companies had entered into a capital-business alliance agreement effective May 10, 2024, aimed at enhancing their respective corporate values through cooperation. Following discussions considering changes in the business environment and advancements in their operational strategies, both entities concluded that the primary objectives set forth in the alliance had largely been met.
They determined that independent operations would better serve their long-term interests. The dissolution of the alliance includes the termination of all related contracts as of May 12, 2026. Regarding the disposition of JFE Engineering's holdings in eREX shares, the two firms agreed to explore options mindful of stock prices and market conditions. Looking ahead, eREX plans to adopt a more flexible approach to international projects, focusing on tailored collaborations suited to individual case requirements rather than adhering strictly to formalized alliances.
The company anticipates minimal impact on its performance due to this development.
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