Update : Nov. 01, 2011
[Tokyo Stock Exchange, Inc.]
TSE has designated an issue as Securities Under Supervision (Confirmation) as follows.
|1. Issue Name||
Hitachi Business Solution Co.,Ltd. stock
(Code: 4738, Market Division: 1st Section)
|2. Period of Designation as Security Under Supervision (Confirmation)||From Nov. 1, 2011 (Tue) to the day when TSE determines whether the company has fallen under the delisting criteria|
Enforcement Rules for Securities Listing Regulations, Rule 605, Paragraph 1, Item 18
(due to falling under a case where a resolution related to a stock swap was adopted at a board of directors meeting)
At the board of directors meeting held today, Hitachi Business Solution Co.,Ltd (hereafter "the Company") adopted a resolution related to a stock swap which will make Hitachi Solutions, Ltd. (Unlisted) its wholly-owning parent company. Cash is scheduled to be given to shareholders of the Company which will become a wholly-owned subsidiary due to the stock swap.
If the stock swap which will involve cash payment and make the Company a wholly-owned subsidiary is approved by a resolution at a general shareholders meeting of the Company, TSE will delist the Company. As such, with the announcement by the Company, TSE deems that there is a possibility that the stocks of the Company will be delisted, and designates said stock as Securities Under Supervision (Confirmation).
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