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Nov. 29, 2019 TSE TSE Establishes the Study Group to review Minority Shareholder Protection and other Framework of Quasi-Controlled Listed Companies

Today, Tokyo Stock Exchange, Inc. ("TSE") has established the "Study Group to review Minority Shareholder Protection of Quasi-Controlled Listed Companies." The Study Group will discuss matters such as (a) how to manage shareholder conflict of interest, ie the interests of a quasi-controlling shareholder(s) who has substantial control based on the holdings of voting rights of listed companies ("Quasi-Controlling Shareholder"), and minority shareholders of listed companies controlled by such Quasi-Controlling Shareholder(s) ("Quasi-Controlled Listed Companies") and (b) frameworks of minority shareholder protection. For further information please refer to the below link.