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Showa Denko Announces Notice of Execution of Basic Agreement regarding Tender Offer over Subsidiary
Aims to become a world-class, functional chemical manufacturer
BriefingWire.com, 3/04/2021 -
TOKYO, Mar 4, 2021 - (JCN Newswire) - Showa Denko K.K. (hereinafter referred to as the Company ) hereby announces that, as of today, the Company has entered into: (i) a basic agreement (hereinafter referred to as the Basic Agreement ) setting forth the application for 3,160,306 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 for the common shares issued by SHOKO (hereinafter referred to as the SHOKO Shares ), that will commence on March 5, 2021, with such tender offer being made by SKT Holdings Ltd. (hereinafter referred to as SKTHD ), a ....

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