TAIYO BUSSAN KAISHA,LTD. [9941.T]
TOKYO, Apr 24 (Pulse News Wire) – Taiyo Bussan Kaisha,ltd. (9941.T) announced today that its board of directors resolved to propose amendments to the company's articles of incorporation at a special shareholders' meeting scheduled for late June 2026.
The changes aim to incorporate the acquisition of Ichigo Holdings Co., Ltd. through a share exchange agreement effective July 1, 2026, which will make Ichigo Holdings a wholly-owned subsidiary. As part of the amendment, Taiyo Bussan plans to increase its authorized share capital to accommodate the issuance of new shares due to the share exchange.
The total number of outstanding shares will rise accordingly, necessitating an adjustment to the maximum limit of issueable shares stipulated in Article 6 of the articles of incorporation. Additionally, the provisions related to audit committee members will be removed since Taiyo Bussan is now structured as a company with an audit committee. The special shareholders' meeting is set for June 30, 2026, contingent upon approval of the share exchange agreement during the upcoming extraordinary general meeting planned for mid-June 2026.
Further details regarding the meeting schedule will be communicated once finalized by subsequent board meetings.
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