另一方面，福川烟草公司是低端卷烟市场中的顶级从业公司。
Fortune Tobacco, on the other hand, is the top player in the low-end cigarette segment.
他们还辩称，如果福川烟草把其资产转移到新公司中，国家将处于不利地位。
They also argued that if Fortune Tobacco had transferred its assets to the new company, the state would have been disadvantaged.
在发现没有合并时，法官们说，文件表明，福川烟草是一个存在的公司，并没有申请解散或清算。
In finding that no merger had taken place, the justices said documents showed that Fortune Tobacco was an existing company and had not filed for dissolution or liquidation.
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