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Kuraray to Delist from Osaka Stock Exchange

10:10 PM MDT | August 26, 2009 | Deepti Ramesh

Kuraray says it plans to delist its shares from the Osaka Stock Exchange, due to the extremely low level of trading of the company’s shares on the exchange in recent years. The move is expected to have a very minor effect on the company’s shareholders and investors. And delisting will help to reduce the administrative tasks and costs associated with cross listings, Kuraray says. The company will apply for delisting today, and the delisting is expected to be completed in a month. Kuraray’s shares will however, continue to be listed on the Tokyo...

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