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Article: NIPPON OIL, NIPPON MINING TO STREAMLINE OIL OPS UNDER NEW FIRM.
- Article from:
- AsiaPulse News
- Article date:
- November 2, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TOKYO, Nov 2 Asia Pulse - Japan's Nippon Oil Corp. (TSE:5001) and Nippon Mining Holdings Inc. (TSE:5016) will strive to improve the efficiency of their oil operations and develop new-energy operations under a holding company to be established next April.
The two firms announced Friday an agreement for their coming business integration. They will combine their businesses under JX Holdings Inc., with Nippon Oil shareholders to receive 1.07 shares in the holding company for each share of Nippon Oil common stock they own. Nippon Mining shareholders will receive a single share in the holding company for each Nippon Mining common share they own.
All operations ...