CDG announced on the 25th that the public tender offer for CDG's common stock by CL Holdings <4286>, which had been implemented since August 9, 2024, ended on September 24, 2024.
In addition, as a result of this public tender offer, it is expected that changes will occur in CDG's parent company and other related companies on October 1, 2024, which is the start date of the settlement of this public tender offer.
Due to the total number of shares applied for in this public tender offer reaching the lower limit of the planned number of purchases, the public tender offer has been completed. Also, CL Holdings received applications for 2,729,003 shares of CDG's stock and will acquire all of them.
As a result, if the settlement of the public tender offer takes place on October 1, 2024 (the start date of the settlement of the public tender offer), the percentage of voting rights owned by CL Holdings in CDG's total voting rights will exceed 50% on the same date, making it a new parent company of CDG.