MITANI SANGYO CO.,LTD. [8285.T]
TOKYO, Apr 28 (Pulse News Wire) – Mitani Sangyo CO.,LTD. (8285.T) received notice from its major shareholder and controlling stockholder Thomas Mitani that he intends to transfer all his ordinary shares to Mitani Corporation through an off-market transaction.
As a result, Mitani Corporation will likely become the largest shareholder of the company. Mitani Corporation's acquisition of these shares qualifies as a tender offer equivalent behavior under the Financial Instruments and Exchange Act. The company has submitted a securities notification letter to the Kanazawa Regional Finance Bureau.
Prior to the transfer, Thomas Mitani held 157,278 shares, representing 15.73% of total outstanding voting rights, making him the top shareholder. Post-transfer, Mitani Corporation will hold 15,727,800 shares, or 15.73%, becoming the leading shareholder. The transfer is scheduled to take place on May 11, 2026.
According to the company, there will be no impact on performance due to this change.
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