NISSIN SHOJI CO.,LTD. [7490.T]
TOKYO, Jun 17 (Pulse News Wire) – Nissin Shoji CO.,LTD. (7490.T) set June 2, 2026, as the record date for potential shareholders who would be eligible to attend an extraordinary general meeting scheduled for September 2026.
The company made this decision during its board meeting held today, preparing for scenarios where the meeting might take place due to a tender offer initiated by EDIAND Corp. Under the proposed plan, if EDIAND fails to acquire all outstanding shares except those owned by Nissan Shoji itself and certain non-bidding agreement shareholders, the company intends to implement procedures to delist its stock. This includes merging the remaining shares according to the Companies Act and abolishing the minimum shareholding requirement through amendments to the articles of incorporation, which will be put forward for shareholder approval at the extraordinary meeting.
Notably, EDIAND and the non-bidding agreement shareholders have indicated their intention to support these proposals. However, should the tender offer succeed fully or fail entirely, Nissan Shoji plans to avoid convening the extraordinary meeting altogether. Further details regarding the meeting's timing, location, and agenda will be communicated once finalized.
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