CRE (TYO:3458) said it will hold an extraordinary shareholders' meeting in early May to vote on a share consolidation and related amendments to its articles of incorporation, according to a Monday filing on the Tokyo Stock Exchange.
The company set April 8 as the record date to determine voting eligibility.
The consolidation proposal follows SMFL MIRAI Partners' unsuccessful attempt to acquire all outstanding CRE shares through a tender offer launched on Jan. 29.
SMFL MIRAI, Kyobashi Kousan, and Kenedix plan to vote in favor of the proposals.
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