Jun 26, 2012. /Lesprom Network/. Rengo Co., Ltd. will carry out the following two mergers with the goal of improving the management efficiency of its consolidated subsidiaries, and also to further improve consolidated performance, as the company said in the press release received by Lesprom Network. Kyowa Shigyo will be the acquiring company of the merger, and Hokkaido Hoso Shizai will be dissolved. Kyowa Shigyo will allocate 3.48 new shares for each share in Hokkaido Hoso Shizai, resulting in the issuing of 626,400 shares in Kyowa Shigyo. Through this merger, Rengo will become the holder of 86.75% of the shares in Kyowa Shigyo. Hinode Shiki Kogyo will be the acquiring company of the merger, and Taiko Seikan will be dissolved. Hinode Shiki Kogyo will allocate 0.05 new shares for each share in Taiko Seikan, resulting in the issuing of 11,375 shares in Hinode Shiki Kogyo. Through this merger, Rengo will become the holder of 99.68% of the shares in Hinode Shiki Kogyo.