Utoc Corporation offers transportation solutions at ports and also circulation solutions. The tender deal was finished on January 18, 2022 and also MOL obtained 95.05% of Utoc’s average shares. Utoc came to be a wholly-owned subsidiary of MOL upon effectuation these days’s share purchase, via a collection of treatments to make MOL the single investor of Utoc.
Prior to this, Utoc dropped under the standard for delisting from the First Section of the Tokyo Stock Exchange,Inc and also was delisted since February 28, 2022.
MOL is functioning to focus its team administration sources in a more powerful type, intending to enhance group-wide administration. By efficiently making Utoc a wholly-owned subsidiary, it will certainly not just enhance Utoc’s service, however additionally utilize its technical capacities, cultivating the development of the whole team and also making sure a lasting boost in business worth.
About Utoc Corporation
Business: Port transport, sea transportation, basic electric motor vehicle transport, consigned products forwarding, warehousing, personalizeds clearance, building, realty
Paid- in resources: 2,155 million yen
Founded: December 8, 1915
Reference: mol.co.jp
