SYLA Solar To Absorb Renewable Data Center Company In Move To Leverage Business Strength; SYLA Solar Is The Surviving Company And SYLA Biotech Is Absorbed Company; Merger Is Executed As A Non-Monetary Transaction Without Issuance Of New Shares
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SYLA Solar will absorb SYLA Biotech in a non-monetary merger to strengthen its renewable energy business. The merger aims to help SYLA Technologies achieve its mid-term sales targets by 2026, supported by subsidies from the Ministry of Economy, Trade and Industry.
July 01, 2024 | 1:33 pm
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SYLA Solar will absorb SYLA Biotech in a non-monetary merger to strengthen its renewable energy business. This move is part of SYLA Technologies' strategy to achieve mid-term sales targets by 2026, supported by government subsidies.
The merger consolidates SYLA Technologies' renewable energy assets, potentially enhancing operational efficiency and corporate value. The support from government subsidies further strengthens the company's growth prospects.
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