For inquiries on this matter, please contact
- Mitsui & Co., Ltd.
Investor Relations Division - Contact form
- Mitsui & Co., Ltd.
Corporate Communications Division
Telephone: +81-80-5912-0321
Facsimile: +81-3-3285-9819 - Contact form
Main Contents
Mitsui & Co., Ltd. (“Mitsui”, head office: Tokyo, President and CEO: Kenichi Hori) and its wholly owned subsidiary, Mitsui Bussan Chemicals Co., Ltd. (“Mitsui Bussan Chemicals”), have agreed for Mitsui to sell the 6.01% of the total number of shares issued it owns in Kawakami Paint Co., Ltd. to Mitsui Bussan Chemicals (“the Transaction”).
The Transaction means Mitsui Bussan Chemicals will be acquiring more than 5% of the voting rights of Kawakami Paint Co., Ltd. This is defined as an act of buying up, which is “specified by Cabinet Order as being equivalent to a Tender Offer” as referred to in Article 167, paragraph 1 of the Financial Instruments and Exchange Act and Article 31 of the Order for Enforcement of the same Act.
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Mitsui |
Mitsui Bussan Chemicals |
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(1) Target company |
Kawakami Paint Co., Ltd. (securities code: 4616) |
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(2) Number of shares to be transacted |
60,100 shares |
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(3) Holding (number of shares) |
Before the Transaction |
60,100 shares |
12,856 shares |
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After the Transaction |
0 shares |
72,956 shares |
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(4) Percentage of voting rights* |
Before the Transaction |
6.07% |
1.29% |
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After the Transaction |
0.0% |
7.36% |
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(5) Scheduled transaction date |
March 28, 2025 |
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* Percentage of total voting rights based on 9,895 voting rights as of November 30, 2024, as stated in the 110th annual securities report of Kawakami Paint Co., Ltd.