TSE News
Public Inspection of Improvement Report -J-REP CO.,Ltd.-
Update : Apr. 26, 2011
[Tokyo Stock Exchange, Inc.]
An Improvement Report has been made available for public inspection as follows.
| 1. Company Name |
J-REP CO.,Ltd. (Code: 8992, Market Division: Mothers) |
| 2.Public Inspection Period | From Apr. 27, 2011 (Wed.) to Apr. 26, 2016 (Tue.) |
| Provision |
Securities Listing Regulations, Rule 502, Paragraph 4 (Public Inspection of Improvement Report) |
| 3.Reason for Submission |
On Oct. 15, 2010 (Fri.), J-REP CO., Ltd. (hereinafter "the Company") expressed agreement with regard to the takeover bid which aimed to make the Company a wholly-owned subsidiary of the takeover bidder. At the same time, the Company disclosed its recommendation to shareholders to subscribe to the takeover bid. However, the Company announced a decision against the takeover bid on Apr. 12, 2011 (Tue.). This was a case of insufficient disclosure arising from deficiency in the system or framework in the Company for performing disclosure on significant transactions, etc. with a controlling shareholder. Therefore, TSE requested the Company to submit a report containing the background to this insufficient disclosure and improvement measures of such system or framework. |
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