March 23, 2006
Kuraray Co., Ltd.
Kuraray announces the dissolution of subsidiary company Kuraray Finance America, Inc. A resolution to dissolve the subsidiary was decided upon at a meeting of the Board of Directors of Kuraray Co., Ltd. held on March 23, 2006.
|Company Name||Kuraray Finance America, Inc.|
|Address||c/o Kuraray Holdings U.S.A., Inc. 101 East 52nd Street, 26th Fl.
New York, NY.10022 U.S.A.
|Established||December 10, 1996|
|End of fiscal period||March 31|
|Primary shareholders||Kuraray Holdings U.S.A., Inc., 100%|
|Business activities||Financing operations for the Kuraray Group in the U.S.A.|
This subsidiary has accomplished the purposes for which it was established, and no future role is anticipated.
March 2006: Resolution for dissolution
March 2006: Liquidation complete
The dissolution of this subsidiary will have no impact on the consolidated performance of Kuraray Co., Ltd.