Japanese company MEC Company Ltd. (TYO:4971) has announced that the dissolution and liquidation of its subsidiary, MEC Hong Kong, took effect on October 22 as part of its efforts to streamline operations and improve overall business efficiency. MEC Hong Kong, originally established in 1996 as a sales base for China, had seen a steady decline in sales activities, prompting the company to make this decision.

As part of the restructuring, MEC has acquired all shares of MEC Fine Chemical (Zhuhai), a subsidiary of MEC Hong Kong with manufacturing facilities in Zhuhai, Guangdong Province. This acquisition makes MEC Fine Chemical a wholly-owned subsidiary of MEC. The transition was aligned with the dissolution plan and is expected to enhance management efficiency within the group.

MEC, a Japan-based firm specializing in the manufacturing and marketing of chemicals and equipment used in the production of printed circuit boards (PCBs), noted that this restructuring does not affect the company's consolidated scope. Instead, it aims to optimize business operations across its global network.