AEON Mall (TYO:8905) board approved the cancellation of all treasury stock effective July 1, in line with a previously announced share exchange that will make the company a wholly owned subsidiary of Aeon Co (TYO:8267), according to a Thursday filing on the Tokyo Stock Exchange.
The cancellation is required under the share exchange agreement signed in April, which involves Aeon acquiring all Aeon Mall shares it does not already own.
The cancellation will include shares held as of the record date, including any additional shares acquired through exercise of share purchase demand, the filing said.
As of February 28, Aeon Mall held 4,896 treasury shares.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.