Hodogaya Chemical Co.,Ltd. [4112.T]
TOKYO, May 15 (Pulse News Wire) – Hodogaya Chemical CO.,LTD. (4112.T) extended its anti-takeover measures until its annual shareholder meeting scheduled for June 24, 2026.
The board revised certain aspects of the existing strategy to prevent abusive acquisitions while maintaining the overall framework. Key changes include allowing exceptions for triggering defenses through board resolutions instead of solely relying on shareholder votes, adding criteria for situations deemed harmful to the company's value and shareholders' interests, and refining language throughout the policy. The updated plan requires potential acquirers to adhere to strict notification procedures, providing detailed information to the independent committee and the board.
Should the board determine that a large-scale acquisition could significantly harm the company’s value or shareholder interests, it may convene a special shareholder meeting to decide on countermeasures. Additionally, the board retains the authority to implement defensive actions without prior shareholder approval if necessary due to time constraints. Shareholders will vote on the continuation of these measures at the upcoming annual meeting.
The company emphasizes that the revised policies align with regulatory guidance and aim to protect long-term corporate value and shareholder interests.
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