Sep. 02, 2022 TSEDesignation of Securities Under Supervision (Confirmation): DAIOHS CORPORATION
Tweet
TSE has designated an issue as Securities Under Supervision (Confirmation) as follows.
１．Issue Name
DAIOHS CORPORATION stock
(Code:4653, Market Segment: Prime Market)
２．Period of Designation as Securities Under Supervision (Confirmation)
From Sep. 2, 2022 (Fri.) to the day when TSE determines whether the company has fallen under the delisting criteria
Provision
Enforcement Rules for Securities Listing Regulations, Rule 604, Paragraph 1, Item (24)
(due to falling under a case where the board of directors has made a resolution on a reverse stock split with a split ratio at which the number of all the shares owned by shareholders other than a specified party will be less than one share)
３．Reason
Yesterday, DAIOHS CORPORATION (hereinafter "the Company") indicated approval of a takeover bid to be made by Voyager Co.,Ltd. (unlisted) (hereinafter "the bidder") for shares of the Company, which is premised on a subsequent delisting of the shares.
The Company has announced that the bidder plans to demand that the Company put forth, at a general shareholders meeting after the completion of the takeover bid, an agenda item regarding a reverse stock split with a split ratio at which the number of shares held by shareholders of the Company other than the bidder and two other shareholders will be less than one share.
If the agenda item is approved in a resolution at the general shareholders meeting of the Company, the stock of the Company will be delisted. As such, based on this announcement, TSE deems that the stock of the Company is likely to be delisted and designates such stock as Securities Under Supervision (Confirmation).
Current Designations of Securities Under Supervision & Securities to Be Delisted
Designation History of Securities Under Supervision & Securities to Be Delisted
DISCLAIMER: This translation may be used for reference purposes only. This English version is not an official translation of the original Japanese document. In cases where any differences occur between the English version and the original Japanese version, the Japanese version shall prevail. This translation is subject to change without notice. Tokyo Stock Exchange, Inc. and/or Japan Exchange Regulation shall individually or jointly accept no responsibility or liability for damage or loss caused by any error, inaccuracy, misunderstanding, or changes with regard to this translation.
Enquiry
Tokyo Stock Exchange, Inc. Listing Department, Corporate Disclosure Office, Planning & Coordination, Listed Company Services
TEL:+81-3-3666-0141(Switchboard)
Back to list
Attachments
Original Link
Original Document
Permalink
Disclaimer
Japan Exchange Group Inc. published this content on 02 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 September 2022 04:34:03 UTC.
Japan Exchange Group Inc is a holding company group of financial instruments exchanges, which provides everything from the listing of securities and derivatives to the provision of trading venues, clearing and settlement services, and index and information services. It operates its business through the Financial Instruments Exchange Business segment. The cash market consists mainly of the equity market. The derivatives market offers index futures, index options, government bond futures, options on government bond futures, options on securities futures, and commodity futures. Auction hours are scheduled to be during the daytime, as well as in the evening and nighttime hours. The information service distributes information such as contract prices related to securities trading and derivative transactions in real time as they occur or change and others. It also provides trading systems, self-regulatory functions, clearing and settlement, and other services.
This super rating is the result of a weighted average of the rankings based on the following ratings: Global Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Global Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite), and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of the rankings based on the following ratings: Capital Efficiency (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
