NP Trading Co., Ltd. (Head Office: Chiyoda-ku, Tokyo, President: Toshio Yamamoto), a consolidated subsidiary of Nippon Paper Industries Co., Ltd. (President: Masatomo Nakamura), and Mantsune Corporation (President: Takeshi Fujita), an agent of Nippon Paper Industries, have concluded a merger agreement following respective resolutions today by the companies' boards of directors, in accordance with the basic agreement concluded by both companies on March 30 of this year. A summary of the agreement follows.

 

Following approval of this merger agreement at the companies' general shareholders meetings (NP Trading: scheduled for August 24, Mantsune: scheduled for August 27), the new company will be inaugurated on October 1 of this year.

 

Summary of the Merger Agreement

1. Company name after merger : NP Trading Co., Ltd.

*NP Trading will be the surviving company after the merger, while Mantsune will be dissolved.

 

2. Head Office : 2-2-1 Uchikanda, Chiyoda-ku, Tokyo (current location of NP Trading's head office)

 

3. Merger ratio

Company	NP Trading	Mantsune
Merger ratio	1	0.343

 

4. Capital : 1.0 billion yen

 

Further notices regarding matters including officers of the new company, division of duties and the company's organization will be released as soon as they have been finalized.