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Apr 30, 2003
Dissolution of Consolidated Subsidiary
The meeting of the Board of Directors of Tokyo Electron Limited held today resolved to dissolve its consolidated subsidiary Tokyo Electron Espana S.L. (wholly owned subsidiary of Tokyo Electron Europe Ltd., that is wholly owned subsidiary of the Company) around August.
| 1. Outline of company to be dissolved |
| (1) |
Name: |
Tokyo Electron Espana S.L. |
| (2) |
Address: |
Calle Maria de Molina 66, Madrid 28006, Spain |
| (3) |
Name of representative: |
David Brough |
| (4) |
Common stock: |
ca. 3,000 Euro |
| (5) |
Retained earnings: |
ca. 56,000 Euro |
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| 2. Reason of dissolution |
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Tokyo Electron Espana S.L. has been established in July, 1997 and provided maintenance service for the Company's original semiconductor production equipment sold to customer in Spain. However, currently there is no customer in the country and the company does not expect further customer to develop business in the country in the future and therefore decided to dissolve the company. |
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| 3. Future impact |
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Only little impact due to the dissolution of Tokyo Electron Espana S.L. is expected to the Company's business results of current fiscal year. |
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