Absorption-type Merger of Subsidiary (Shiodome DNET)
OREANDA-NEWS. SoftBank Corp. announces that on February 25, 2015 its Board of Directors has resolved to merge Shiodome DNET Management Corp. ("Shiodome DNET"), a wholly-owned subsidiary of the Company, in an absorption-type merger, effective as of April 1, 2015. The details of the Merger are as follows.
1. Purpose of the Merger
Shiodome DNET is one of the holding companies that holds shares of the Company's subsidiaries. The Company has decided on the merger to pursue greater efficiency in management of its subsidiaries.
2. Summary of the Merger
Date of the Merger (the effective date) - April 1, 2015 (planned).