Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 28 February 2020, 15:00 HKT/SGT
Share:
    

Source: Showa Denko K.K.
SDK Announces Progress Towards the Tender Offer for Shares of Hitachi Chemical Company, Ltd. (JP:4217)

TOKYO, Feb 28, 2020 - (JCN Newswire) - As notified on the "Announcement Regarding the Planned Commencement of Tender Offer for Shares in Hitachi Chemical Company, Ltd. (Securities Code 4217)" dated December 18, 2019, HC Holdings K.K. (The "Tender Offeror"), a wholly-owned subsidiary of Showa Denko K.K. ("Showa Denko," and collectively referred to with the Tender Offeror as the "Tender Offerors"), had announced that the commencement of the tender offer (The "Tender Offer") is subject to satisfaction (or waiver by the Tender Offeror) of certain conditions precedent, including the completion of necessary procedures and actions under domestic and overseas competition laws (Japan, China, Korea, US, EU, and Taiwan).

The Tender Offerors are proceeding with necessary procedures and measures under competition laws of each country towards the Tender Offer, and as of today, procedures and measures under the competition laws in some countries and have yet to be completed. At present, the Tender Offerors are not aware of significant issues concerning the procedures, etc. under the competition laws; however, the timing of completion of procedures and measures and the commencement of the Tender Offer is expected to be March, 2020 at the earliest, and we will continue to strive for prompt conclusion.

We will quickly notify when the conditions for the commencement of the Tender Offer are met and the Tender Offer is to begin.


Contact:
Showa Denko K.K., Public Relations Office, Tel: 81-3-5470-3235


Topic: Press release summary
Source: Showa Denko K.K.

Sectors: Chemicals, Spec.Chem
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Showa Denko K.K.
Aug 4, 2022 14:00 HKT/SGT
Showa Denko Announces 2022 2Q Consolidated Financial Results
Aug 3, 2022 14:00 HKT/SGT
Showa Denko Revises Forecast of Consolidated Performance
June 29, 2022 12:00 HKT/SGT
Showa Denko Concludes MOU with SK Inc. to Give Consideration to a Plan to Cooperatively Produce High-Purity Gases for Semiconductors in North America
June 28, 2022 10:30 HKT/SGT
SDK and Microwave Chemical Start Joint Development of New Microwave-based Chemical Recycling Technology to Directly Transform Used Plastic into Basic Chemical Feedstock
May 26, 2022 14:00 HKT/SGT
Showa Denko Announces Record Date for Extraordinary Shareholders' Meeting
May 26, 2022 14:00 HKT/SGT
Showa Denko to Consider Simplified Absorption-type Company Split
May 26, 2022 11:00 HKT/SGT
Showa Denko Starts Shipment of Newly Developed HD Media for Record-breaking 26TB Near-line HDD
May 24, 2022 17:00 HKT/SGT
Showa Denko's Program for 8-inch SiC Wafers for the Next-generation Green Power Semiconductor selected for NEDO's Green Innovation Fund Projects
May 11, 2022 14:00 HKT/SGT
Showa Denko Announces 2022 First Quarter Financial Results
Apr 27, 2022 10:30 HKT/SGT
Showa Denko Decides to Raise Chloroprene Rubber Price
More news >>
 News Alerts
Copyright © 2024 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 214 890 4418 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575

Connect With us: