AZ-Com Maruwa Discloses Changes in Major Shareholders

MT Newswires Live

2024-11-07

AZ-Com Maruwa (TYO:9090) is set to see changes to its major shareholders after Taro's acquisition of the company's shares from Wasami, the company's largest shareholder.

Wasami has informed AZ-Com Maruwa of its intent to sell shares to Taro's on Wednesday, according to its filing on the same day.

Currently, Masaru Wasami holds 54.55% of total voting rights and is ranked the second largest shareholder. After the change, he will become the largest shareholder, maintaining the same percentage of voting rights.

Wasami will decrease its holdings to 14.94% while Taro's will increase its holdings to 19.08%, becoming the second largest shareholder.

As a result, Wasami will be classified as an unlisted parent company.

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