TOKYO, Apr 17 (Pulse News Wire) – Suncall Corporation (5985.T) decided to discontinue its acquisition defense plan upon the conclusion of its 109th Ordinary General Meeting of Shareholders scheduled for June 26, 2026. The decision was made during today's board meeting.
The plan had been introduced based on the resolution of the 91st Ordinary General Meeting held on June 23, 2008, and had continued until now with shareholder support. Since its introduction, the company has strengthened its management foundation and governance while enhancing corporate value. After careful consideration of changes in the operating environment, recent trends in acquisition defense measures, and feedback from shareholders including institutional investors, the board concluded that discontinuing the plan aligns best with future strategies.
Following the end of the effective term, the company will request necessary time and information from potential large-scale buyers to ensure shareholders make informed decisions. Additionally, appropriate actions within legal frameworks will be taken to protect the company’s value and shareholder interests. This marks the end of the acquisition defense strategy but does not diminish the company's commitment to maintaining robust corporate governance and protecting shareholder rights moving forward.
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