K Line is to delist its coastal and short-sea offshoot Kawasaki Kinkai Kisen and turn it into a wholly-owned subsidiary.
K Line is by far Kawasaki Kinkai's largest shareholder with 47.82% of its total shares. Kawasaki Kinkai is listed on the second section of the Tokyo Stock Exchange, while K Line is listed on the first section.
K Line first approached Kawasaki Kinkai with an acquisition proposal in February 2020.
