• Kyodo

  • SHARE

A Tokyo court on Tuesday approved Idemitsu Kosan Co.’s plan to issue new shares for a public offering, a decision that could propel the oil distributor’s stalled plan to merge with Showa Shell Sekiyu K.K.

Idemitsu’s founding family had sought an injunction against the share offering on the grounds that it is meant to dilute the family’s stake in the company.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)