TOKYO, Apr 20 (Pulse News Wire) – MBK CO.,LTD. (3121.T) canceled its share purchase agreement with two shareholders of Welldish Corp.
Due to regulatory issues. On April 10, 2026, MBK had agreed to buy 1,000,000 shares of Welldish Corp. through ToSTNeT-1 at ¥355 per share. However, on April 14, 2026, Welldish disclosed that it could not file its interim report for the fiscal half-year ending August 2026 within the statutory deadline due to deficiencies in the approval process for exercising preemptive rights.
As a result, Welldish was designated as a delisting risk stock by the Tokyo Stock Exchange on the same day. Following these developments, MBK engaged in discussions with the selling shareholders and reached an agreement to cancel the transaction and return the payment of 355 million yen. A memorandum formalizing this agreement was signed on April 22, 2026. In exchange for the refund, MBK plans to return the purchased shares to the sellers.
MBK stated that it was unaware of any prior knowledge regarding Welldish's potential designation as a delisting risk stock during the negotiation process.
🟢 Confidence: High AI-translated content.