Gun Ei Chemical Industry Chemical to Move to Tokyo's Standard Market

TOKYO, Jul 30 (Pulse News Wire) – Gun Ei Chemical Industry CO.,LTD. (4229.T) announced on July 30 that its board of directors had approved a plan to apply for a market classification change from Prime Shijou to the Standard Market of the Tokyo Stock Exchange.

The move follows a review of recent changes in the capital markets environment and aligns with the company’s strategic focus on enhancing corporate value through concentrated resources on ongoing business challenges. Gun Ei Chemical initially listed on Prime Shijou in April 2022.

Following the necessary procedures set forth by the Tokyo Stock Exchange, the company plans to file the application promptly. Post-transition, Gun Ei Chemical remains committed to sustaining corporate value enhancement and strengthening corporate governance to meet stakeholder expectations.

Should any significant developments arise related to this transition, the company pledges timely disclosure.