TOKYO, Jun 18 (Pulse News Wire) – Freebit CO.,LTD. (3843.T) extended its anti-takeover plan until June 18, 2026, following approval by its board on June 18, 2026.
The extension comes amid an ongoing investigation into the acquisition of shares related to CountUp Corporation. The revised plan, known as the Current Plan, includes necessary adjustments based on recent legal changes and discussions on takeover defense strategies. The plan's continuation ensures shareholders sufficient time to analyze and consider large-scale share purchases, which could impact FreeBit’s enterprise value. It also aligns with the company’s commitment to its corporate philosophy and sustainable growth.
Shareholder approval is required for the plan to take effect. Additionally, the company highlighted its focus on implementing its mid-term business strategy, SiLK VISION 2027, aimed at enhancing trust through advanced technologies like blockchain and AI. FreeBit continues to pursue strategic partnerships and investments to drive further growth and profitability. As part of governance enhancements, the company emphasized transparency and rapid adaptation to environmental changes, ensuring robust oversight mechanisms through independent directors and regular evaluations by external bodies.
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