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SHINPO hits daily limit up with buy orders, stock price converging toward TOB price following MBO announcement

Thu Apr 30, 2026 10:02 am JST Catalyst

SHINPO CO.,LTD. <5903> saw buy orders stacking up at 1,514 yen, the daily limit up level. After the close of trading on the 28th, the previous trading day, the company announced that Yamatake Sougyo (Meito-ku, Nagoya), represented by Kiyohisa Yamada, a director of the company and a member of the founding family, will conduct a TOB (tender offer) for SHINPO with the aim of taking the company private as part of an MBO (management buyout). The purchase price is set at 1,700 yen per share, and the stock price is moving to converge toward this level.

The minimum number of shares to be purchased is set at 1,719,050 shares, with no upper limit. The tender offer period runs from April 30 to June 15. If the TOB is successful, SHINPO is expected to be delisted after completing the prescribed procedures. The Tokyo Stock Exchange designated SHINPO as a security under supervision (under confirmation) as of April 28.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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