Tokyo Kikai says shareholders approved anti-takeover measures
22/10/2021 09:58
TOKYO, Oct 22 (Reuters) - Tokyo Kikai Seisakusho Ltd
6335.T said on Friday a majority of shareholders approved
anti-takeover measures against top shareholder Asia Development
Capital (ADC) 9318.T .
The vote, which excluded 40% stake owner ADC, would allow
Japan's top maker of newspaper printing presses to issue new
stock that would dilute ADC's holdings. urn:newsml:reuters.com:*:nL4N2RD07B
ADC has sought an injunction and the Tokyo District Court's
ruling is expected sometime in the next week.
(Reporting by Makiko Yamazaki; Editing by Edmund Blair)
((Makiko.Yamazaki@thomsonreuters.com; +81-3-4563-2805;))