TOKYO, May 27 (Pulse News Wire) – Vario Secure Inc. (4494.T) announced today that its parent company, HEROZ Co., Ltd., owns 42.8% of its voting rights.
On April 14, 2026, both companies' boards approved a share exchange aimed at operational integration, with HEROZ becoming the holding company and Vario Secure the subsidiary. Under the agreement, Vario Secure's ordinary shares will delist from the Tokyo Stock Exchange Standard Market effective June 26, 2026, with trading ceasing on June 25, 2026. The share swap is scheduled to take effect on June 30, 2026, subject to approval by Vario Secure’s shareholders meeting.
Details of the share exchange can be found in the joint press release dated April 14, 2026, titled “Announcement Regarding Business Integration Between HEROZ Co., Ltd. and Vario Secure Inc. Through Share Exchange Agreement.”.
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