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BRIEF-Thrace Plastics moves to internal restructuring of Group’s Participations
September 6, 2017 / 6:14 AM / 18 days ago

BRIEF-Thrace Plastics moves to internal restructuring of Group’s Participations

Sept 6(Reuters) - THRACE PLASTICS S.A. :

* REPORTED ON TUESDAY, THE FULLY OWNED SUBSIDIARY “PAREEN LTD”, DOMICILED IN NICOSIA, CYPRUS, WAS TRANSFERRED TO THE FULLY OWNED SUBSIDIARY “SYNTHETIC (HOLDINGS) LTD” WHICH IS BASED IN THE UNITED KINGDOM

* THE MERGER THROUGH ABSORPTION OF THE COMPANY “THRACE LINQ INC ”, WHICH IS BASED IN SUMMERVILLE, USA, AND DEALS WITH THE PRODUCTION AND TRADE OF TECHNICAL FABRICS, BY THE COMPANY “DELTA REAL ESTATE INVESTMENTS LLC” WHICH IS ALSO BASED IN SUMMERVILLE, USA, AND POSSESSES A PROPERTY, PART OF WHICH HOSTS THE BUSINESS ACTIVITY OF “THRACE LINQ INC”.

* FOLLOWING THE COMPLETION OF THE MERGER PROCEDURES, “DELTA REAL ESTATE INVESTMENTS LL” WAS RENAMED INTO THRACE LINQ INC

* THE INTERNAL RESTRUCTURING OF THE GROUP‘S PARTICIPATIONS, AS DESCRIBED ABOVE, IS NOT EXPECTED TO HAVE ANY MATERIAL IMPACT ON THE FINANCIAL FIGURES OF THE GROUP

Source text : bit.ly/2gKKs5g

Further company coverage: (Gdynia Newsroom)

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