Update : Dec. 28, 2011
[Tokyo Stock Exchange, Inc.]
TSE has designated an issue as Securities Under Supervision (Confirmation) as follows.
|1. Issue Name||
ASAHI TEC CORPORATION stock
(Code: 5606, Market Division: 1st Section )
|2. Period of Designation as Security Under Supervision (Confirmation)||From Dec. 28, 2011 (Wed.) 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 21
(due to falling under making an announcement, etc. that the company will acquire all shares)
At the board of directors meeting held today, ASAHI TEC CORPORATION (hereafter "the Company") adopted a resolution which indicated approval of two takeover bids by ATC Holdings 2 (unlisted) for shares of the Company.
The Company has disclosed that it is scheduled to put forth the following items in the agenda at the general shareholders meeting after the completion of such takeover bids by the bidder.
(1) Amending the Articles of Incorporation to allow the issuance of stock different from common shares, Class-A preferred stocks, and Class-B preferred stocks;
(2) Amending the Articles of Incorporation to include a clause for the acquisition of all common shares issued by the Company; and
(3) Issuing different stock in return for the acquisition of all common shares of the Company (as a result, cash payment is scheduled).
If the above agenda (1) to (3) are approved in a resolution at a general shareholders meeting of the Company, the stock of the Company will be delisted. As such, TSE deems that it is likely that the stock of the Company will be delisted based on such announcement, and designates such stock as Securities Under Supervision (Confirmation).
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