Nippon Denkai,Ltd. (JP:5759) has released an update.
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Nippon Denkai, Ltd. has cancelled its planned Extraordinary Shareholders Meeting due to filing for civil rehabilitation proceedings, as it seeks to restructure under court supervision and find a sponsor. The company’s board decided there’s no longer a need to appoint a non-executive director originally proposed by Tex Technology Inc. Shareholders were notified, and the company seeks their understanding and support during this transition.
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