[Oriental Energy] Announcement to Creditors Regarding the Spin-off of Relevant Business Operations of the "Oriental Advanced Division" in Accordance with Regulations.
Key facts
- [Oriental Energy] Announcement to Creditors Regarding the Spin-off of Relevant Business Operations of the "Oriental Advanced Division" in Accordance with Regulations.
- Oriental Energy Technology Co., Ltd.'s board approved the spin-off of its "Oriental Advanced Division" into a new wholly-owned subsidiary, tentatively named "Oriental Advanced Co., Ltd." The spin-off is scheduled for July 1, 2026, and creditors are being notified to submit any objections.
- Source: PR Times
- Date: April 8, 2026
Direct answer
Oriental Energy Technology Co., Ltd.'s board approved the spin-off of its "Oriental Advanced Division" into a new wholly-owned subsidiary, tentatively named "Oriental Advanced Co., Ltd." The spin-off is scheduled for July 1, 2026, and creditors are being notified to submit any objections.
- Citation
- [Oriental Energy] Announcement to Creditors Regarding the Spin-off of Relevant Business Operations of the "Oriental Advanced Division" in Accordance with Regulations. (April 8, 2026), PR Times
- Source
- PR Times
- Date
- April 8, 2026
Oriental Energy Technology Co., Ltd.'s board approved the spin-off of its "Oriental Advanced Division" into a new wholly-owned subsidiary, tentatively named "Oriental Advanced Co., Ltd." The spin-off is scheduled for July 1, 2026, and creditors are being notified to submit any objections.
📋 Article Processing Timeline
- 📰 Published: April 8, 2026 at 09:00
- 🔍 Collected: April 9, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 19, 2026 at 02:57 (234h 57m after Collected)
2. Company Name: Oriental Energy Technology Co., Ltd.
3. Relationship with the Company (Enter this Company or Subsidiary): This Company
4. Mutual Shareholding Ratio: Not applicable
5. Reason for Occurrence:
(1) In accordance with Article 35 of the Business Mergers and Acquisitions Act.
(2) The company's board of directors resolved on April 8, 2026, to spin off the relevant business (including assets, liabilities, and operations) of the "Oriental Advanced Division" to a newly established wholly-owned subsidiary "Oriental Advanced Co., Ltd." (provisional name). The spin-off effective date is tentatively set for July 1, 2026. The Chairman is authorized to make adjustments if necessary.
6. Countermeasures:
In accordanceance with regulations, any creditors of the company who have objections to this spin-off plan can submit them in writing to the company within the period from the date of this announcement until May 8, 2026.
7. Other Matters to be Noted (If the subject of the event or resolution is a publicly issued company or above, and this major information conforms to the provisions of Article 7, Paragraph 9 of the Regulations Governing the Enforcement of the Securities Transaction Act, it has a significant impact on shareholder equity or stock prices):
None.
FAQ
What is the name of the company that announced the spin-off of its business operations?
The company that announced the spin-off is Oriental Energy Technology Co., Ltd.
When is the tentative effective date for the spin-off of the Oriental Advanced Division?
The tentative effective date for this business spin-off is scheduled for July 1, 2026.
What is the name of the newly established wholly-owned subsidiary for the spin-off?
The provisional name of the newly established wholly-owned subsidiary is Oriental Advanced Co., Ltd.
How and when can creditors submit objections regarding this spin-off plan?
Creditors can submit their objections in writing to the company from the announcement date until May 8, 2026.
Under which regulation is this spin-off announcement being made to the creditors?
This spin-off announcement is made in accordance with Article 35 of the Business Mergers and Acquisitions Act.