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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Tdk Corp | NYSE:TDK | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Form 20-F þ | Form 40-F o |
Yes o | No þ |
1. |
Reason for Dissolution
|
|
Magnecomp Precision Technology Public Company Limited (Headquarters: Thailand) as subsidiary of
TDK designs, manufactures and sells suspension assemblies for HDD magnetic heads. MPT has decided
to dissolve three subsidiaries to streamline its organization in a bid to raise management
efficiency.
|
||
2. |
Outline of MPT Subsidiaries to Be Dissolved and Dissolution Schedule
|
(1) Company
|
Achrathon Precision Technology Limited | Magnecomp Technology Limited | Magnecomp Corporation | |||
(2) Headquarters
|
Thailand | Hong Kong | U.S. | |||
(3) Representative
|
Albert Ong Kim Guan | Albert Ong Kim Guan | Albert Ong Kim Guan | |||
(4) Business activities
|
Manufacture of Suspension assembly-related tools and jigs | Manufacture of suspension assemblies | Design of suspension assemblies | |||
(5) Established
|
February 2002 | June 1988 | January 1984 | |||
(6) Capital
|
20,000,000 baht | HKD 270,315,000 | US$431,157 | |||
(7) No. of employees
|
0 | 0 | 39 | |||
(8) MPT Shareholding
|
100% | 100% | 100% | |||
(9) Dissolution schedule
|
Liquidation scheduled to be completed by the end of December 2009 | Liquidation scheduled to be completed by the end of September 2009 | Liquidation scheduled to be completed by the end of December 2008 |
3. |
Impact on TDK
|
|
This change will have a negligible impact on TDKs consolidated results.
|
TDK Corporation
(Registrant) |
||||
October 30, 2008 | BY: | /s/ Tatsuhiko Atsumi | ||
Tatsuhiko Atsumi | ||||
General Manager
Corporate Communications Department Administration Group |
||||
1 Year T D K Chart |
1 Month T D K Chart |
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