Tokyo Telecom Group Implements Subsidiary Restructuring Tifalet Absorbs and Merges METAVERSE A CLUB and Seeker's Port Tetrachroma Absorbs Digital Plant

As part of the reorganization of its consolidated subsidiaries, the Tokyo Telecommunications Group announced that it will implement an absorption merger with Tifaret as the surviving company and METAVERSE A CLUB and Seekersport as the defunct companies, and an absorption merger with Tetrachroma as the surviving company and Digital Plant as the defunct company on November 1. The purpose of the merger is to improve and enhance the profitability of the entire group through the concentration of management resources and their effective utilization....