Market News
Oct. 09, 2024 TSE Cancellation of Designation of Securities Under Supervision (Confirmation): CDG Co.,Ltd.
The designation of Securities Under Supervision (Confirmation) will be cancelled as follows.
| １．Issue Name | CDG Co.,Ltd. stock (Code: 2487, Market Segment: Standard Market) |
| ２．Date of Cancellation of Designation of Securities Under Supervision (Confirmation) |
Oct. 10, 2024 (Thu.) |
| Reason (Related Clause) |
Because it does not fall under a case where a reverse stock split is conducted at a ratio where each of the shares owned by shareholders other than a specified party will be converted into a fraction of a share (The main clause of Rule 604, Paragraph 3 of the Enforcement Rules for Securities Listing Regulations and Rule 604, Paragraph 1, Item (24) of the same regulations) |
| ３．Details of Reason | On Aug. 8, 2024, CDG Co.,Ltd. (hereinafter "the Company") announced its approval of a takeover bid by CL Holdings Inc., which aims for the delisting of the Company’s shares (hereinafter "the Shares") through a stock swap or a reverse stock split after the completion of the takeover bid. Since there was the possibility that the Shares would be delisted through a reverse stock split, TSE designated the Shares as Securities Under Supervision (Confirmation). Today, the Company has announced that it will conduct a stock swap in which shares of CL Holdings Inc., which is a listed stock, etc. on TSE (Code: 4286, Market Segment: Standard Market), are offered in exchange for the Shares as the procedure for the delisting of the Shares after the completion of the takeover bid. Therefore, in accordance with Rule 601, Paragraph 1, Item (13) of the Securities Listing Regulations, TSE will delist the Shares on Dec. 12, 2024 (Thu.) without designating them as Securities to Be Delisted. TSE will also de-designate the Shares as Securities Under Supervision (Confirmation) because a reverse stock split will not be conducted. |
Designation History of Securities Under Supervision & Securities to Be Delisted
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