Okura Industrial Co.,Ltd. [4221.T]
TOKYO, Apr 10 (Pulse News Wire) – Okura Industrial CO.,LTD. (4221.T) completed the establishment of its joint venture with Beijing BOE Materials Technology Co., Ltd.
In Hefei, Anhui Province, China. The joint venture, named Hefei Jingcang New Material Technology Co., Ltd., was set up on March 31, 2026, to manufacture and sell optical films for display polarizers.
Key details of the joint venture include: - Location: Building 1, Hefei Jingdong Display Technology Co., Ltd., No. 3,166, Tongling North Road, Xinzhangu District, Hefei City, Anhui Province, People's Republic of China - Capital: ¥600 million yuan (approximately ¥13.40 billion) - Business Scope: Manufacturing and selling optical films for display polarizers - Settlement Period: December - Ownership Ratio: BOE __NUM_2%, Okura Industrial __NUM_3% The exchange rate used for conversion purposes is ¥22 based on the rate as of the end of December 2025.
On March 24, 2026, the companies signed a joint venture agreement, which paved the way for the successful setup of the joint venture on March 31, 2026.
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