Nippon Dry-Chemical CO.,LTD. [1909.T]
TOKYO, Jun 26 (Pulse News Wire) – Nippon Dry-chemical CO.,LTD. (1909.T) disclosed that AL-SOK Corporation holds 16.40% of its voting rights as of March 31, 2026.
AL-SOK is the leading shareholder and a related party of the company, having appointed one executive director. Despite this relationship, Nippon Dry-Chemical maintains autonomy in its operations and strategic direction. Additionally, AL-SOK initiated a tender offer for Nippon Dry-Chemical's shares from May 14, 2026, to June 29, 2026, aiming to fully acquire the company.
As a result, there is a possibility that Nippon Dry-Chemical’s stock could be delisted following the completion of the tender offer process. In their collaboration, Nippon Dry-Chemical and AL-SOK aim to leverage innovative technology and expertise to develop new products and services beyond traditional disaster prevention equipment, fostering further growth through enhanced cooperation. There are no significant transactions requiring disclosure between the major shareholder and the company.
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