NIPPON CHEMI-CON CORPORATION [6997.T]
TOKYO, May 11 (Pulse News Wire) – NIPPON CHEMI-CON CORPORATION (6997.T) exercised conversion rights for ordinary shares, converting 901 Class B preferred shares held by Japan Industrial Solutions Third Investment Limited Partnership into ordinary shares. As a result, the company will issue 988,996 ordinary shares.
Prior to the exercise of conversion rights, the company had 24,698,450 ordinary shares outstanding. Following the issuance, the total number of ordinary shares increased to 25,687,446, representing a net increase of 988,996.
Additionally, the number of Class A preferred shares remained unchanged at 10,000, while the number of Class B preferred shares decreased by 901. It is noted that the converted Class B preferred shares will be canceled upon completion of the transaction.
🟢 Confidence: High AI-translated content.