Market News
Mar. 23, 2023 TSE Removal of grace period regarding not being a substantial surviving company due to merger, etc.: Nissan Securities Group Co.,Ltd.
TSE notifies that the grace period of an issue pertaining to not being a substantial surviving company due to merger, etc. will be removed as follows.
*This decision is based on the results of the examination by Japan Exchange Regulation.
| １．Issue Name | Nissan Securities Group Co., Ltd. stock (Code: 8705, Market Segment: Standard) |
| ２．Date of Removal of Grace Period | Mar. 23, 2023 (Thu.) |
| Provision | Securities Listing Regulations, Rule 601, Paragraph 1, Item (5), Sub-item a (due to deeming the case as not falling under an inappropriate merger, etc.) |
| ３．Reason | Nissan Securities Group Co., Ltd. (old trade name: Okato Holdings,Inc.; hereinafter referred to as "the Company"), made Nissan Securities Co., Ltd. (unlisted) its wholly-owned subsidiary as of Oct. 1, 2020 through a stock swap. TSE deemed that the Company was not a substantial surviving company due to the stock swap and the stock of the Company entered a grace period on the same day. After examining the Company's stock, TSE deemed that the Company satisfied criteria equivalent to the initial listing criteria and has today determined to remove the grace period. |
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