SAAF Holdings Co.,Ltd. [1447.T]
TOKYO, Jun 02 (Pulse News Wire) – Saaf Holdings CO.,LTD. (1447.T) announced today that the Tokyo District Court has ruled that seven proposed directors selected during a special shareholders' meeting held on May 12, 2026, do not hold valid positions as directors or representatives of the company.
The ruling follows a provisional injunction application filed by current director Naoka Sanae on May 21, 2026. The court's decision supports SANA’s position that the selection process violated legal and charter provisions, rendering the appointments invalid or subject to cancellation. SAAF Holdings plans to pursue litigation to seek final judicial confirmation of this stance.
In a statement, the company reaffirmed its commitment to enhancing corporate value and realizing shareholder interests through lawful and appropriate conduct. It also apologized for any inconvenience caused to shareholders and requested continued support. SAAF Holdings stated it would promptly disclose any further developments related to this matter.
🟢 Confidence: High AI-translated content.