Tokyo Stock Exchange Approves Listing of Classys Chemical, Resonac to Use Partial Spin-Off

Corporate Action
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The Tokyo Stock Exchange on the 7th approved the new listing of Classys Chemical, a wholly-owned subsidiary of Resonac Holdings that handles its petrochemical business, which will be listed on the TSE Standard Market on September 29. Resonac will utilize the 'partial spin-off' tax system, which allows for the separation of a subsidiary with substantial tax exemption if certain conditions are met, and will continue to hold a portion of the shares.

Impact on stocks 1

Critical Materials & Supply Chain · 1 stocks
Resonac Holdings Corporation
4004
▲ PositiveCapitalrelevance

Resonac will list its petrochemical subsidiary Classys Chemical via a tax-advantaged partial spin-off while retaining a portion of the shares.

Off-coverage companies 1

Crasus Chemical Co., Ltd.Private± Mixed
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