TOKYO, Mar 23 (Pulse News Wire) – Saaf Holdings CO.,LTD. (1447.T) disclosed today that its board of directors has determined additional shareholders engaged in concerted actions related to large-scale share purchases.
Following the initial recognition on February 25, 2026, the board received a recommendation from the independent committee on March 16, 2026, identifying several shareholders involved in coordinated activities. On March 3, 2026, the independent committee identified further shareholders, including Mr. Motoyuki Honda, Mitsua Resin Industry Co., Ltd., and Eagle Fund SP4 Limited Partnership, engaging in concerted behavior alongside previously recognized entities.
The board evaluated the findings and concluded that these concerted actions exist based on reasonable evidence presented in the report. Should the identified buyers fail to comply with the procedures outlined in the company's defense strategy against hostile takeovers, the board may implement measures such as (free allocation of subscription rights for new shares). The independent committee will continue monitoring the situation and providing recommendations as necessary.
SAAF Holdings will maintain transparency and disclose further developments promptly.
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