JICC-04 tender offer for Shinko Electric Industries complete

Shinko Electric Industries (TSE:6967) announced the successful completion of the tender offer by JICC-04 Co., Ltd., a move set to significantly alter the company's shareholder structure and market presence. JICC-04's tender offer, which commenced on February 18, 2025, concluded on March 18, 2025, with 59,281,400 shares tendered, exceeding the minimum threshold of 22,491,200 shares. As a result, JICC-04 will purchase all tendered shares. This will lead to JICC-04 becoming a major shareholder and affiliate of Shinko Electric Industries, holding 43.87% of voting rights.