Showa Denko Announces Share Transfer with Change in Subsidiary Tender Offer successfully ended on April 15 BriefingWire.com, 4/16/2021 - TOKYO - (JCN Newswire) - As stated in "Notice of Execution of Basic Agreement regarding Tender Offer over Subsidiary" as of March 4, 2021, Showa Denko K.K. (hereinafter referred to as the "Company") entered into a basic agreement setting forth among others, the application for 3,160,306 shares (hereinafter referred to as the "Applied Shares") of SHOKO CO., LTD. (Code number 8090, listed on the First Section of Tokyo Stock Exchange; hereinafter referred to as "SHOKO"), the Company's consolidated subsidiary, among the shares of SHOKO owned by the Company, in a tender offer (hereinafter referred to as the "Tender Offer") for the common shares issued by SHOKO (hereinafter referred to as the "SHOKO Shares") with the Tender Offer being made by SKT Holdings Ltd., (hereinafter referred to as "SKTHD"), a wholly-owned subsidiary of iSigma Business Advancement Fund III Investment LLP managed and operated by iSigma Capital Corporation (hereinafter referred to as "iSigma Capital").