Mitsui O.S.K. Lines, Ltd. On Friday announced that its Board of Directors have resolved to apply for the cancellation of the listing of its common shares on the Nagoya Stock Exchange.
“The Company decided to apply for delisting to reduce costs and back-office activities for multi-listing since it considers the trade volume of its common shares on the Nagoya Stock Exchange to be de minimis, and sees minor impact on shareholders and investors as a result of delisting,” the company said.
It is scheduled to apply for the delisting on Monday (today).
“The Company will submit documents to the Nagoya Stock Exchange to apply for delisting. Shares are slated to be delisted, in principle, a month after being designated for delisting, following the completion and acceptance of the application procedures,” MOL added.
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