Daio Paper, Japan’s leading tissue manufacturer, informed that the company’s Board of Directors resolved to acquire the share certificates of common stock, and the stock acquisition rights of Miura Printing Corporation, listed on the Second Section of the Tokyo Stock Exchange through a tender offer.
According to the announcement, the tender offer was commenced on February 28, 2017, and was completed on April 11, 2017.
Earlier Daio Paper announced an investment into the tissue production development at its production site in Japan.
About Daio Paper:
The company has an integrated pulp, paper and paperboard production production of 2.3 Mtpa. The company is ranked third in Japan as a full-range paper manufacturer, engaged in manufacture of more than 20,000 kinds of paper, including newsprint, printing and publication paper, communication paper, wrapper paper, corrugated containers, household paper products, and other paper, from pulp.