Oji Holdings Corporation announces that, following the previous announcement dated April 25, 2014, Innovation Network Corporation of Japan and Oji have completed the acquisition of New Zealand/Australia-based pulp, paper and packaging businesses comprised of Carter Holt Harvey Pulp & Paper Limited and certain related companies held by Carter Holt Harvey Limited from Rank Group.
For the purpose of the acquisition, Oji has established OOM in Japan as well as OOM(NZ) in New Zealand. As the amount of paid-in capital for each of OOM, OOM(NZ) and CHHPP will be greater than 10% of Oji’s paid-in capital, these companies will fall under the category of specified subsidiary of Oji.
