Update : Jul. 27, 2012
[Tokyo Stock Exchange, Inc.]
TSE has designated an issue as Securities Under Supervision (Confirmation) as follows.
|1. Issue Name||
China Boqi Environmental Solutions Technology (Holding) Co., Ltd. Stock
(Code: 1412, Market Division: 1st Section(Foreign Stocks))
|2. Period of Designation as Security Under Supervision (Confirmation)||From Jul. 27, 2012 (Fri.) 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 11
(Due to falling under a case where a listed company adopts a resolution of the board of directors concerning a merger)
In a board of directors meeting held today, China Boqi Environmental Solutions Technology (Holding) Co., Ltd. (hereinafter referred to as "the Company") reached a resolution concerning a merger in which CBES Holdings Ltd. (hereinafter referred to as "CBES") will be the surviving company. After the merger, the surviving company is not scheduled to promptly apply for a listing on TSE.
If said merger is approved by a resolution in the general shareholders meetings of the Company and CBES, stock of the Company will be delisted. As such, with the announcement on the content of the preceding paragraph, TSE deems that there is a likelihood that the stock of the Company may be delisted and designates the stock as Securities Under Supervision (Confirmation).
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