Market News
Jun. 19, 2015 TSE Designation of Securities Under Supervision (Examination) -Global Asia Holdings Inc.-
TSE has designated an issue as Securities Under Supervision (Examination) as follows.
| １．Issue Name | Global Asia Holdings Inc. stock (Code: 3587, Market Division: JASDAQ Standard) |
| ２．Period of Designation of Securities Under Supervision (Examination) | From Jun. 20, 2015 (Sat.) to the day when TSE determines whether the company has fallen under the delisting criteria |
| Provision | Enforcement Rules for the Securities Listing Regulations, Rule 605, Paragraph 1, Item 15 (*) (The problem in the internal management system may be deemed to remain after three years have elapsed from designation as a security on alert) |
| ３．Reason | On Mar. 14 and Jun. 8, 2012, Global Asia Holdings Inc. (hereinafter "the Company") submitted amendment reports pertaining to securities reports, etc. for the period from the third quarter of the fiscal year ended Mar. 2011 to the third quarter of the fiscal year ended Mar. 2012 due to inappropriate accounting processing. Osaka Securities Exchange, Co. Ltd. deemed that improvement of the internal management system, etc. of the Company was highly necessary and designated its stock as Securities on Alert on Jun. 20, 2012 (Wed.). On Jun. 20, 2015 (Sat.), three years will pass from such designation. TSE designates the stock of the company as a security under supervision (examination), since the stock is likely to be delisted if the problem in the internal management system is deemed to remain based on a review of the Written Confirmation of Internal Management System, which is to be submitted by the company. |
- Since the stock of the company was designated as a security on alert on Jun. 20, 2012 (Wed.), TSE will examine the company by applying the Securities Listing Regulations, etc. prior to the Aug. 9, 2013 revisions in accordance with Paragraph 2 of the supplementary provisions of the Securities Listing Regulations and other relevant provisions.
Designation History of Securities Under Supervision & Securities to Be Delisted
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