Wellbin Group Co.,Ltd. [7136.T]
TOKYO, Apr 15 (Pulse News Wire) – Wellbin Group CO.,LTD. (7136.T) announced today that its board of directors has approved the submission of a delisting application to the Tokyo Stock Exchange.
The decision follows the company's recognition that it has achieved its initial objectives since listing in February 2022, including enhancing visibility, gaining social trust, and securing top talent. However, the company believes that a more agile approach to resource allocation is necessary moving forward to maximize enterprise value. The delisting process requires special approval from shareholders holding two-thirds or more of the voting rights.
Wellbin Group has already secured such consent through written agreements. As a result, the company submitted the delisting application on April 15. Upon acceptance by the Tokyo Stock Exchange, the shares will be designated as a delisted stock and will cease trading 20 business days later, on May 19.
In addition, the company’s appointed J-Advisor, Phillip Securities Co., Ltd., confirmed that advisory services will continue until the completion of the delisting process.
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