Tokyo Kikai Seisakusho Co., Ltd., a rotary press maker of newspapers, announced that it will stop invoking defense measures because the investment companies have pledged to reduce the shareholding ratio of investment companies that hold about 40% of the shares. Did.

Tokyo Kikai Seisakusho, which handles the rotary press of newspapers, was planning to implement takeover defense measures because Asia Development Capital bought up about 40% of the shares through its subsidiary and became the largest shareholder.

However, it has announced that it will stop invoking takeover defense measures because the Asian development side has pledged to reduce its shareholding ratio and not to make a large-scale purchase of shares.

In addition, if the Asian development side violates the pledge, it will take the same countermeasures as the takeover defense measures without a resolution at the general meeting of shareholders.

Asia Development plans to reduce the shareholding ratio to 32.72% or less, which is required by Tokyo Machinery, but since its influence as a major shareholder will continue, Tokyo Machinery will continue to check the shareholding status. I am.