Kaga Electronics Co.,Ltd.
Notice on the results of the public tender offer for common shares of Shinko Trading Co., Ltd. (Securities Code: 8141) and changes in subsidiaries (change of a specific subsidiary)
Announces the results of Shinko Trading Co., Ltd. public tender offer. Offer price: 1,580 yen per share, planned number of shares for purchase: approximately 29,097,599 shares; applications exceeded the minimum, and all shares will be purchased. Ownership percentage after the tender offer expands to 72.45%. Will be reclassified as a specific subsidiary and delisting procedures are planned.
Key Figures
- Tender offer price: 1,580 円
- Planned number of shares for purchase: 29,097,599 株
- Number of shares applied for: 20,938,007 株
- Post-tender voting rights ratio: 72.45%
- Total voting rights of the target's shareholders: 295,931 件
AI要約
Overview of the Tender Offer
Kaga Electronics Co., Ltd. has conducted a public tender offer for Shinko Trading Co., Ltd. and since the total number of shares in applications exceeds the minimum, all shares will be purchased. Offer price is 1,580 yen per share, and the tender period is from May 18, 2026 to August 3, 2026 (55 business days). After the purchase, the target becomes a consolidated subsidiary of the tender offeror and falls under a specific subsidiary. Settlement commencement date is August 10, 2026.
Outlook and Effects
The target’s shares are expected to lose trading continuity on the Tokyo Stock Exchange Prime Market after delisting procedures. The tender offeror aims to acquire all shares of the target, and future procedures will be decided in consultation with the target and disclosed. The financial impact from becoming a specific subsidiary is currently under review, and any additional announcements will be disclosed promptly.
Kaga Electronics Co., Ltd.
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