Jamco tender offer faces further delays, now expected late March

Jamco Corporation [TSE:7408] announced further delays in the planned tender offer by BCJ-92 Co., Ltd. originally slated for February. BCJ-92 is still working to obtain necessary approvals under the Foreign Exchange and Foreign Trade Act from the Ministry of Economy, Trade and Industry (METI). Additionally, BCJ-92 continues to work with one remaining Jamco business partner to secure the required consent for the transaction, aimed at delisting Jamco. While previously targeting early March, BCJ-92 now aims to commence the tender offer by late March, pending resolution of these remaining hurdles.