Infroneer's tender offer for Sumitomo Mitsui Construction successful

Infroneer Holdings Inc. has successfully concluded its tender offer for Sumitomo Mitsui Construction Co., Ltd. shares, which ran from August 6 to September 18, 2025. The tender offer saw applications for 126,464,423 shares, surpassing the minimum purchase threshold of 104,589,800 shares. Infroneer will acquire all tendered shares.

Effective September 26, 2025, upon settlement of the tender offer, Infroneer Holdings will become the new parent company and largest shareholder of Sumitomo Mitsui Construction, holding over 50% of the voting rights. This transaction amounts to JPY75,878 million.

Sumitomo Mitsui Construction shares are expected to be delisted from the Tokyo Stock Exchange Prime Market following the completion of squeeze-out procedures. Post-delisting, trading of Sumitomo Mitsui Construction shares will no longer be possible on the Prime Market.