Comture to Absorb Unit HIT in Simplified Merger

MT Newswires Live
Mar 18

Comture (TYO:3844) said it will absorb its wholly owned unit Human Interactive Technology in a simplified merger effective Oct. 1, according to a Wednesday filing on the Tokyo Stock Exchange.

The move aims to streamline operations, speed decision-making and strengthen capabilities in cloud, Microsoft-related services and artificial intelligence.

No shares will be issued and no cash will be paid as part of the transaction.

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