Market News
Mar. 05, 2024 TSE Designation of Securities Under Supervision (Confirmation): Samantha Thavasa Japan Limited
TSE has designated an issue as Securities Under Supervision (Confirmation) as follows.
| １．Issue Name | Samantha Thavasa Japan Limited stock (Code: 7829, Market Segment: Growth Market) |
| ２．Period of Designation as Securities Under Supervision (Confirmation) |
From Mar. 1, 2024 (Fri.) to the day when TSE determines whether the company has fallen under the delisting criteria |
| Reason (Related Clause) |
Due to falling under cases of not being able to confirm that the company meets the criteria specified by Rule 601, Paragraph 5, Item (6) by the last day of the grace period specified by Item (5) of the same paragraph (Enforcement Rules for Securities Listing Regulations, Rule 604, Paragraph 1, Item (6)) |
| ３．Details of Reason | The stock of Samantha Thavasa Japan Limited (hereinafter "the Company") has been in a grace period pertaining to ceasing to be a substantial surviving company due to a merger, etc. However, TSE was unable to confirm by Feb. 29, 2024, the last day of the grace period, whether the Company has met criteria equivalent to the initial listing examination criteria. If the Company does not apply for an examination based on the initial listing examination criteria by the eighth business day from the day it submits its first annual securities report after the end of the grace period (including cases where it is clear that the Company will not apply for said examination), TSE will decide to delist the Company's stock. As a result, TSE deems it likely that the Company's stock will be delisted and thus designates it as a Security Under Supervision (Confirmation). Meanwhile, the Company disclosed on Feb. 20, 2024 that it reached a basic agreement on a business integration with another company through a stock swap on the same day. If the stock swap is actually conducted, the Company's stock is likely to be delisted due to said stock swap. |
Designation History of Securities Under Supervision & Securities to Be Delisted
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