Nikken Chemicals to Become Wholly Owned Subsidiary of Kowa in October.Tokyo Tokyo (tō`kēō), city (1990 pop. 8,163,573), capital of Japan and of Tokyo prefecture, E central Honshu, at the head of Tokyo Bay. , Japan, Mar 13, 2006 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) ) - Kowa KOWA Korean War Veterans Memorial (US National Park Service) and Nikken Chemicals jointly announced on March 10 that the two companies have agreed to consolidate their ethical drug businesses by October 1. Prior to that, Nikken Chemicals will become a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Kowa through a stock exchange, which is scheduled to take place on August 1. With this move, Kowa and Nikken Chemicals aim to reinforce their sales force and expand their presence in the market. In addition, Nikken Chemicals plans to change its company name. Copyright [c] 2006 Japan Corporate News Network. All rights reserved. |
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