Asia Development Merchant Tokyo Machinery!!
News press rotation machine manufacturer Tokyo Kikai Seisakusho (President Kiyoshi Tomonari = TSE First Section) announced on November 25 that it would suspend the activation of defense measures against the acquisition by Asia Development Capital (President Anthem Wong = TSE Second Section). Asia Development promised again that it would “not carry out a TOB (tender offer) or other large-scale acquisitions,” and the company determined that countermeasures were unnecessary. The takeover play initiated by Asia Development has been put on hold and is being restarted.
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