Takachiho Koheki to Extend Takeover Defense Measures Until 2028
Takachiho Koheki (TYO:2676) will continue its takeover response measures against large-scale share purchases until June 2028, subject to shareholder approval at its annual general meeting in June, according to a Friday filing on the Tokyo Stock Exchange.The plan applies to acquisitions that would result in an investor group holding 20% or more of voting rights, unless approved in advance by the board, the electronics technology trading company said.The policy is intended to protect corporate value and shareholder interests by giving the board and shareholders sufficient time and information to assess large-scale acquisition proposals.Takachiho Koheki said there are no changes to the content of the existing plan apart from updates tied to organizational changes and timelines. It also said it has not received any proposal for a large-scale acquisition of its shares.Under the policy, the board may take countermeasures, including issuing stock acquisition rights, if a bidder does not comply with the company's review procedures or if a proposed acquisition could materially harm shareholder interests.
