Sumitomo Seika Stresses Operational Independence From Major Shareholder Sumitomo Chemical
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Sumitomo Seika Chemicals Co., Ltd. has clarified its operational independence from its major shareholder, Sumitomo Chemical, which holds 33.4% of its voting rights. The company emphasizes that it operates under its own business policies, with no directors holding concurrent positions at both firms. Transactions with Sumitomo Chemical are not significant, and Sumitomo Seika reports no major dependencies or constraints from its parent company, maintaining its autonomy in operations.
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