Tokyo-based consumer electronics maker Hitachi, Ltd. has applied to delist its shares from four overseas stock exchanges, including Luxembourg, Frankfurt, Euronext Amsterdam, and Euronext Paris. Hitachi said it will remain on stock exchanges, including Tokyo, Osaka, Nagoya, Fukuoka, Sapporo, and New York.
The company said it applied to delist due to the low volume of Hitachi shares traded on named stock exchanges. Hitachi said it does not expect the delisting to significantly affect the interests of its shareholders and investors.
Hitachi will apply to begin the delisting process in mid-March and expects to complete all delisting procedures by the end of December 2006, although the delisting process may vary across the respective stock exchanges.
to Daily News