In today’s briefing:
- TSE’s “Request” Is a Catalyst for a Final Decision on the Foundation of Years of Engagement
TSE’s “Request” Is a Catalyst for a Final Decision on the Foundation of Years of Engagement
- Many companies have low liquidity since listing, with nearly half of companies having major shareholders with over 20% ownership. Raising listing criteria should considered to improve quality of the market.
- TSE seems to raise the listing criteria for Growth Market in 2025, when the transitional measures expire, but for Prime Market, TSE is likely to respond with a “request.”
- Although TSE’s “request” may be the catalyst for increasing MBOs and dissolution of parent-subsidiary listings, engagement with overseas investors over years to resolve management issues was foundation of this trend.