Notice Regarding Establishment of Spin-off Preparatory Company for Separation of Pipeline Division

Source: www.gulfoilandgas.com 3/24/2021, Location: Asia

Tokyo Gas Co., Ltd. has decided on the establishment of a Spinoff Preparatory Company to facilitate and ensure preparations for the legal separation of the pipeline division required by the Gas Business Act by April 2022, as follows.

The spin-off of the gas pipeline business is subject to approval by a resolution of the annual general meeting of shareholders scheduled to be held in June 2021 and the acquisition of licenses and approvals by the competent government agencies.


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