27th Dec 2006 07:01
Toyota Motor Corporation26 December 2006 (Translation) To Whom It May Concern: December 26, 2006 Company Name:TOYOTA MOTOR CORPORATION Name and Title of Representative:Katsuaki Watanabe, President (Code Number:7203Securities exchanges throughout Japan) Name and Title of Contact Person:Takuo SasakiGeneral Manager, Accounting Division (Telephone Number:0565-28-2121) Notice Concerning the Dissolution of a Subsidiary We hereby give notification that at the meeting of the Board of Directors ofToyota Motor Corporation ("TMC") held on December 26, 2006, TMC resolved todissolve its subsidiary, Sichuan TOYOTA Nitan Development Co., Ltd., asdescribed below. 1. Facts of Sichuan TOYOTA Nitan Development Co., Ltd. Location: 1, Xi Lu Xinshiji Tianfu Avenue, Chengdu, Sichuan Province, China Representative: Kazuyoshi Ohki (President) Date of Incorporation: June 2002 Capital: 29,550,000 yuan (approximately 440 million Japanese yen) Shareholder Composition: TMC: 100% Contents of Business: Mining, processing and sale of peat 2. Reason for Dissolution As it became difficult to renew the peat mining rights in the property that iscurrently being mined, and the business results of Sichuan TOYOTA NitanDevelopment Co., Ltd. have been poor since its establishment and there are noprospects of profitability, TMC has decided to dissolve Sichuan TOYOTA NitanDevelopment Co., Ltd. 3. Schedule for Liquidation Liquidation proceedings are scheduled to begin in or after February 2007. 4. Anticipated Effects on the Business Performance The anticipated effects of the dissolution of Sichuan TOYOTA NitanDevelopment Co., Ltd. on TMC's business performance are minor. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Toyota Motor