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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.
1. Summary of the consolidated subsidiary
| 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. |
| Representative | Hideo Ohi |
| Established | December 10, 1996 |
| Capital | US $1,000 |
| 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. |
2. Reason for dissolution
This subsidiary has accomplished the purposes for which it was established, and no future role is anticipated.
3. Schedule
March 2006: Resolution for dissolution
March 2006: Liquidation complete
4. Effect on performance
The dissolution of this subsidiary will have no impact on the consolidated performance of Kuraray Co., Ltd.
