Information in the press releases is current on the date of the announcement. Product information, contact and other context are subject to change without prior notice.
Notice Concerning a Change in the Effective Date of the Share Exchange in Connection with the Business Integration of Minebea Co., Ltd. and MITSUMI ELECTRIC CO., LTD.
As announced in "Notice Concerning Execution of Business Integration Agreement and Share Exchange Agreement in Connection with Business Integration of Minebea Co., Ltd. and MITSUMI ELECTRIC CO., LTD." dated March 30, 2016, Minebea Co., Ltd. and MITSUMI ELECTRIC CO., LTD. agreed to conduct a share exchange between them as a business integration based on the spirit of equal partnership and executed a business integration agreement and a share exchange agreement. Minebea hereby announces that today Minebea and MITSUMI have agreed to change the effective date of the Share Exchange and resolutions of their respective board of directors were adopted.
Notice Concerning the Effective Date of the Partial Amendments to the Articles of Incorporation
As announced in "Notice Concerning a Change in the Effective Date of the Share Exchange in Connection with the Business Integration of Minebea Co., Ltd. and MITSUMI ELECTRIC CO., LTD." dated today, Minebea and MITSUMI have agreed to change the effective date of the Share Exchange to January 27, 2017, and resolutions of their respective board of directors were adopted today to that effect.
Minebea hereby announces that, in connection with the above, the amendments to Article 1 (Trade Name) and Article 17 (Total Number of Directors) of its current Articles of Incorporation are expected to become effective on January 27, 2017, which is the revised effective date of the Share Exchange, subject to the condition that the Share Exchange shall become effective.
Notice Regarding Business and Capital Alliance with Iwasaki Electric Co., Ltd.
Minebea Co., Ltd. hereby announces that the board of directors today resolved a business and capital alliance with Iwasaki Electric Co., Ltd. and that Minebea and Iwasaki have entered into a business and capital alliance agreement today.
Notice Concerning Execution of Business Support Agreement between Minebea and MITSUMI
Minebea Co., Ltd. hereby announces that Minebea and MITSUMI ELECTRIC CO., LTD. executed the Business Integration Agreement and the Share Exchange Agreement, both of which are dated March 30, 2016, and subsequently filed applications for exemptions from the antimonopoly regulations regarding the business combination associated with the scheduled business integration at the regulatory authorities in Japan and relevant overseas countries.
Announcement of Purchase of the Convertible Bonds with Stock Acquisition Rights
Minebea Co., Ltd. hereby announces that its Board of Directors has resolved to purchase all of Minebea Co., Ltd. Series I Unsecured Subordinated Convertible Bonds with Stock Acquisition Rights, the total amount of which is JPY7.7 billion, from the Development Bank of Japan Inc. at its board meeting held on June 14, 2016.
Judgment on Legal Dispute between NMB-Minebea Thai Ltd. and Thai Tax Office
NMB-Minebea Thai Ltd, Minebea Co., Ltd.'s overseas consolidated subsidiary company located in Thailand, has been in a dispute with the Revenue Department of the Kingdom of Thailand, as it has been disclosed. As of May 16, 2016, the Supreme Court of the Kingdom of Thailand made its judgment which dismissed the claims made by NMB-Minebea Thai Ltd.
Notice Regarding the Partial Amendments to the Articles of Incorporation
Minebea Co., Ltd. hereby announces that its Board of Directors has resolved at the meeting held on May 10, 2016 to submit a proposal to partially amend its Articles of Incorporation to the upcoming 70th Ordinary General Meeting of Shareholders to be held on June 29, 2016.
Notice of Personnel Changes
Minebea Co., Ltd. hereby announces executive changes decided at the Board of Directors meeting held today.
Closing of the Investigation by the Competition Commission of Singapore concerning Violation of Competition Law
As Minebea Co., Ltd. has publicly disclosed, the Competition Commission of Singapore conducted the on-site investigation against NMB Singapore Ltd., Minebea's overseas consolidated subsidiary located in Singapore, in relation to the trading of small-sized ball bearings and other products, and then we have fully cooperated with the investigation by CCS. We hereby notify that, we received a notice, dated May 4, 2016, from CCS stating that it will be closing its investigation without making any decision regarding violation of competition law.
Minebea to Showcase New LED Product Line at LIGHTFAIR International 2016
Minebea Co., Ltd., an innovator of LED technologies, will participate in LIGHTFAIR International 2016 Exhibition and Conference, taking place from 26th through 28th in April, 2016 at the San Diego Convention Center in San Diego, California, U.S.A.
Notice Concerning Execution of Business Integration Agreement and Share Exchange Agreement in Connection with Business Integration of Minebea Co., Ltd. and MITSUMI ELECTRIC CO., LTD.
Minebea Co., Ltd. and MITSUMI ELECTRIC CO., LTD. agreed to proceed with a discussion and consideration of a business integration based on the spirit of equal partnership as announced in the “Notice Concerning Execution of Basic Agreement on Business Integration of Minebea Co., Ltd. and MITSUMI ELECTRIC CO., LTD." dated December 21, 2015, and have held in-depth discussions, as a result of which the two companies reached an agreement to consummate the Business Integration and to conduct a share exchange, and executed a business integration agreement and a share exchange agreement based on the resolutions adopted at their respective meetings of the board of directors held today.
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