Nippon Steel and Nisshin Steel share exchange confirmed

On May 16, 2018, Nippon Steel & Sumitomo Metal Corporation (NSSMC), and Nisshin Steel Co., Ltd., conducted a share exchange, which will become effective on January 1, 2019.
The share exchange involves NSSMC becoming the wholly owning parent company, and Nisshin Steel becoming a wholly owned subsidiary. 
NSSMC then filed a registration statement on Form F-4 with the U.S. Securities and Exchange Commission on November 2, 2018, exchange in agreement to the U.S. Securities Act of 1933, prior to Nisshin Steel’s extraordinary shareholders meeting to approve the Share Exchange. The F-4 was declared effective on November 9, 2018.
Image courtesy of Nippon Steel & Sumitomo Metal Corporation
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