BASE Strikes Confidentiality Pact With Major Shareholder, Scraps Defense Policy

MT Newswires Live

Aug 29, 2025

BASE,Inc (TYO:4477) has entered a confidentiality agreement with shareholder Hiroyuki Maki after his tender offer closed earlier this month, paving the way for a "friendly" engagement aimed at boosting corporate value, according to a Friday filing on the Tokyo Stock Exchange.

The agreement bars Maki from buying or selling BASE shares for six months without the company's consent.

Following advice from an independent committee, BASE's board also voted to abolish its corporate control and takeover response policy introduced in March, saying concerns have now been resolved.

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