Acquisition of Spicers Group Companies in Southeast Asia

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Japan Pulp & Paper Co., Ltd. announces the adopt ion of a resolution at today’s Board of Directors meeting formally approving the acquisition of all out standing shares of Spicers Paper (Singapore) Pte Ltd and Spicers Paper (Malaysia) Sdn Bhd from Spicers Holdings (Asia) Pte Ltd, and authorizing conclusion of a share transfer agreement that will make both Spicers SG and Spicers ML into wholly owned subsidiaries of the Company.

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