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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Tosoh Corporation | TG:TOS | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 12.30 | 11.90 | 12.20 | 0.00 | 09:08:43 |
RNS Number:6626U Toshiba Corporation 27 January 2004 January 27, 2004 Tadashi Okamura, President & CEO Toshiba Corporation Shibaura 1-1-1, Minato-ku, Tokyo, Japan Contact: Hideo Kitamura, General Manager Corporate Communication Office Tel: 81 3 3457 2096 Notice of Dissolution of A & T Battery Corporation On January 27, 2004, Toshiba Corporation (hereafter called Toshiba) decided to dissolve A & T Battery Corporation, a 100% Toshiba-owned subsidiary, by the end of December 2004. 1. Reason for the dissolution The rechargeable lithium-ion battery business currently faces severe market conditions, due to increasing competition and intensifying price pressure. After assessing the difficulties involved in realizing a profit in the business, even after extensive countermeasures, Toshiba decided to withdraw from the rechargeable lithium-ion battery business and to dissolve A & T Battery Corporation. 2. About A & T Battery Corporation Head Office Hatara-cho 1-9-2, Fukaya-shi, Saitama-ken Representative Hideo Ouchi President & CEO Business Manufacture of Rechargeable Lithium-ion Battery Capital 5,000 million yen Principal Shareholders Toshiba 100% The total financial impact associated with this dissolution, to the end of March 2005, is estimated at around 16.0 billion yen. The share of this to be accounted for in the FY2003 financial results has already been incorporated into Toshiba's forecast for this fiscal year, as announced on October 24, 2003. # # # This information is provided by RNS The company news service from the London Stock Exchange END MSCQKOKPFBKKNDB
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