Hoban Industries will spin off its residential building construction business and change its name to HB Hoban Holdings, transitioning into a holding company.
On September 22, Hoban Industries announced that it will establish a new company, Hoban Industries, through a simple physical division of its residential building construction business.
The company that remains after the split will change its name to HB Hoban Holdings and become a holding company.
This decision to split the company was made to enhance corporate value.
In its announcement, Hoban Industries stated that the holding company is expected to drive the growth and restructuring of the group’s businesses and enhance synergies between its operations. The company also indicated that it will focus on fulfilling the role of a holding company by actively discovering and fostering new business opportunities.
The newly established company plans to maximize management efficiency by making swift and specialized decisions tailored to the characteristics of the business segment subject to the split, with a focus on strengthening domestic and international growth and competitiveness.
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