Details of issuance or disposal
Share Consolidation
Consolidation of the Company's 990,000 shares into 1 share
not applicable (share consolidation)
The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.
| Item | Details |
|---|---|
| Type of issuance or disposal | Share Consolidation |
| Number of shares to be issued or disposed of | Consolidation of the Company's 990,000 shares into 1 share |
| Dilution Rate | not applicable (share consolidation) |
| Total number of issued shares | 6,676,400 shares → 6 shares |
| Procedures under the Corporate Code of Conduct | At the extraordinary general meeting of shareholders, the proposals for the share consolidation and amendments to the Articles of Incorporation were approved and adopted as originally proposed. |
| Major shareholders after the offering | Expected to consist solely of the tender offeror and the corporate shareholder that agreed not to tender its shares (ownership ratio: Not disclosed) |
Items this document does not state (22)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The share consolidation will reduce the total number of issued shares to 6, eliminating the need to stipulate the number of shares constituting one unit. Following delisting, provisions concerning the acquisition of treasury shares, the record date for the annual general meeting of shareholders, and the electronic provision system will no longer be necessary.