Chiikishinbunsha Faces New Legal Challenge Over Free Share Warrants

TOKYO, Jul 29 (Pulse News Wire) – Chiikishinbunsha CO.,LTD. (2164.F) received another legal challenge against its free share warrant allocation plan.

On July 29, Option House Corporation filed for a preliminary injunction to halt the issuance of the 12th A series of free share warrants, which was previously challenged by MTM Capital Corporation on July 16. Option House owns approximately 0.01% of the company's shares, based on figures as of July 20. The company believes both entities are engaging in concerted actions alongside multiple other shareholders.

Chiikishinbunsha argues that the warrant issuance is lawful and fair, aligning with its strategy to address large-scale stock acquisitions and maintain governance integrity. Chiikishinbunsha plans to defend itself vigorously, as it did in the previous case brought by MTM Capital. The company intends to update stakeholders on further developments through timely disclosures.