NTN to make Nippon Kagaku Yakin 100% subsidiary  [ Japan ]

NTN announced that it will conduct a stock exchange to turn Nippon Kagaku Yakin Co., Ltd. into its wholly-owned subsidiary effective January 1, 2012. NTN now holds 79.14 percent shares of Nippon Kagaku Yakin. In accordance with this stock exchange, the shares of Nippon Kagaku Yakin will be subject to delisting. (From a press release on November 4, 2011)