TOKYO, Jun 26 (Pulse News Wire) – TOPPAN Holdings Inc. (7911.T) completed the second equity transfer related to Giantplus Technology Co., Ltd.
To Ju Yi Investment Limited. The transfer was previously delayed due to differing interpretations regarding the fulfillment of obligations under the agreement.
Following arbitration proceedings initiated by TOPPAN's board of directors against Ju Yi Investment and its guarantor, Guang Hong Optoelectronics Co., Ltd., the final execution date was determined through negotiations. The initial equity transfer took place on January 20, 2025, while the second transfer was originally scheduled but faced delays until now.
Key dates associated with the transaction include: - Board resolution date: January 16, 2025 - Contract signing date: January 16, 2025 - First equity transfer execution date: January 20, 2025 - Second equity transfer execution date: June 26, 2026 This concludes the two-phase equity transfer process, resolving the dispute between the involved parties.
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