Sumitomo Forestry Co.,Ltd. [1911.T]
TOKYO, Apr 01 (Pulse News Wire) – Sumitomo Forestry CO.,LTD. (1911.T) announced today that its wholly-owned subsidiary, Corporation Veneer Shoukai, resolved at an extraordinary shareholders' meeting to distribute all shares held by Venia Chamber of Commerce in Geolive Group as a stock dividend (hereinafter referred to as "this stock dividend").
This stock dividend involves acquiring more than 50% of Geolive Group's shares based on voting rights, which qualifies as a tender offer-like action under Article 167(1) of the Financial Instruments and Exchange Act and Order No. 31 of the same law. Prior to and after the implementation of this stock dividend, there will be no changes in the number of shares held by Sumitomo Forestry on a consolidated basis, and Geolive Group will continue to be treated as an equity-method affiliate. Geolive Group shares involved in this transaction include: 1. Security Code: [TICKER_0] 2.
Company Name: Geolive Group Co., Ltd. 3. Number of Shares Acquired: Ordinary Shares [NUM_7] 4. Acquisition Date: April 01, 2026 5. Proportion of Total Shareholder Voting Rights: [NUM_2]% (based on the total number of shareholder voting rights of Geolive Group Co., Ltd.
As of September 30, 2025, which is [NUM_8] votes, rounded down to the nearest whole number).
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