TOKYO, Mar 18 (Pulse News Wire) – Toho Titanium Company,limited (5727.T) announced today that its board of directors has resolved to propose amendments to the company's articles of incorporation at a special shareholders' meeting scheduled for April 24, 2026. The proposed changes aim to facilitate smoother procedures for convening regular shareholder meetings post-merger.
On March 18, 2026, TOHO Titanium entered into a share exchange agreement with JX Metal Co., Ltd., effective June 01, 2026, which would make JX Metal the parent company and TOHO Titanium the wholly-owned subsidiary. As a result of this merger, TOHO Titanium’s shareholders would solely consist of JX Metal, eliminating the need for a base date for voting rights in future regular shareholder meetings.
Accordingly, the amendment seeks to remove Article 11, which currently sets March 31 as the base date for voting rights in regular shareholder meetings. The revised articles will take effect subject to approval at the special shareholders’ meeting and upon the implementation of the share exchange agreement on June 01, 2026.
The special shareholders' meeting is set for April 24, 2026, with the proposed amendments expected to come into force on June 01, 2026.
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