Market News
Jul. 31, 2020 TSE Entry into Grace Period pertaining to Delisting: FRIENDLY CORPORATION
The following issue has entered into a grace period pertaining to delisting.
1.Issue Name | FRIENDLY CORPORATION stock (Code: 8209, Market: 2nd Section) |
2.Grace Period (Note) | From Apr. 01, 2020 (Wed.) to Mar. 31, 2022 (Thu.) |
3.Reason | Due to confirmation of liabilities in excess of assets as of the end of the business year (Mar. 31, 2020) on the balance sheet in the Securities Report submitted today. (Securities Listing Regulations, main clause of Rule 601, Paragraph 1, Item (5) applied with rewording pursuant to the provisions of Rule 725 of the same regulations) |
(Note) As the company is deemed to have fallen into liabilities in excess of assets due to the impact of the COVID-19 outbreak, the grace period pertaining to delisting is two (2) years based on the application of the main clause of Rule 601, Paragraph 1, Item (5) of the Securities Listing Regulations applied with rewording pursuant to the provisions of Rule 725 of the same regulations.
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