India, Jan. 22 -- Kyocera (6971.T) said it resolved to transfer all shares of a company that Kyocera will establish to Sumitomo Bakelite. Before the share transfer, the company plans to have the Newly Established Company succeed to the chemical business - including the chemical business operated by KYOCERA Wuxi Electronic Materials Co., of which Kyocera owns all of the outstanding shares; the Target Business - by way of an absorption-type company split.
Kyocera will be the splitting company and the Newly Established Company will be the
succeeding company in the absorption-type company split, and Kyocera will have the Newly Established Company succeed to the Target Business. There will be no increase or decrease in the capital of either Kyo...