Sun Frontier Fudousan Mergers with Subsidiary UT Trading

MT Newswires Live

2025/02/20

Sun Frontier Fudousan (TYO:8934) is merging with its wholly owned subsidiary, UT Trading, effective April 1, according to its Tuesday filing.

This absorption-type merger involves UT Trading, which operates a real estate leasing business, and aims to commercialize buildings as part of the company's replanning efforts.

The merger does not require a general shareholders meeting for approval due to its classification as a simple and summary merger under the Companies Act.

No new shares will be issued, nor will any monetary transactions occur, as UT Trading will be dissolved in the process.

Price (JPY): $1954.00, Change: $-20, Percent Change: -1.01%

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