Imabari Shipbuilding and Japan Marine United postponed establishment of new company again October 23, 22:33
Imabari Shipbuilding Co., Ltd. and Japan Marine United Co., Ltd., which have a capital tie-up, have announced that the establishment of a new company, which was scheduled for next month, will be further delayed.
This is because legal examinations overseas have not progressed due to the influence of the new coronavirus.
According to the announcement, Imabari Shipbuilding and Japan Marine United will postpone the establishment of the new company through a capital tie-up to December 1.
The original schedule was on the 1st of this month, but due to the influence of the new coronavirus, the overseas examination of the competition law, which is the antitrust law of Japan, was prolonged, and it was postponed to the 1st of next month.
As the Chinese and South Koreans became more competitive in terms of cost, the two companies were quick to create a new company and hurry to make a comeback, but it was postponed again.