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Business Wire
30-06-2025
- Business
- Business Wire
LogProstyle Inc. Announces Results of the 2025 Annual General Meeting of Shareholders
TOKYO--(BUSINESS WIRE)-- LogProstyle Inc. (NYSE American: LGPS) (the 'Company' or 'LogProstyle'), headquartered in Minato-ku, Tokyo, Japan, announced today that all matters presented at its Annual General Meeting of Shareholders ('AGM') held on June 30, 2025 were approved. A total of 18,724,644 shares were represented at the AGM, in person or by proxy, indicating 79.27% participation of shareholders eligible to vote. In particular, the shareholders approved: Election of Ten (10) Directors Shareholders approved the appointment of ten directors to the Board of Directors ('BoD'), with a term in office changing from two years to one year. Five of the elected directors are considered Independent, and the newly elected board is composed of experienced professionals who will guide the Company in its next phase of growth and innovation. The newly elected BoD includes Yasuyuki Nozawa, Satoshi Oyamatsu, Taiji Ito, Kentaro Tachibana, Katharyn (Katie) Field, Tamotsu Moriyama (independent), Seishi Miyajima (independent), Izumi Takemoto (independent), Hajime Yamashita (independent), and John A. Stapleton (independent). Establishment of a Performance Share Plan Also approved at the AGM is the establishment of a Performance Share Plan (the 'Plan') with post-vetting delivery and related remuneration for directors (excluding independent directors), executive officers, and directors of subsidiaries. The total amount of monetary claims and cash to be granted under the Plan to the Eligible Directors for each Performance Evaluation Period shall not exceed JPY 200 million (excluding salaries for Directors who also serve as employees), and the total number of Company Shares to be delivered shall not exceed 500,000 shares per Performance Evaluation Period. The Achievement Rate of Performance Targets is based on performance indicators (financial and/or non-financial) reflective of the Group's profitability and management policies, as determined by resolution of the BoD in advance. Shareholders also approved: Non-Consolidated Financial Statements for the 8th Fiscal Year (April 1, 2024 to March 31, 2025); Amendments to the Articles of Incorporation; Election of KSM & Partners Audit Corporation as its Accounting Auditor; and Approval of a dividend in the amount of USD 0.023 per share, or USD 543 thousand, in total, payable on August 5, 2025, to the Company's holders of record at the close of business on July 7, 2025. The full vote results will be filed in a report with the Securities and Exchange Commission and posted on the Investor Relations section on the Company's website. Forward-Looking Statements Disclaimer: This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the Company's dividend, the AGM, the Company's growth strategy, benefits of the newly elected Board, and the implementation and potential impact of the Performance Share Plan. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed or implied in the forward-looking statements. These risks and uncertainties include, but are not limited to, general economic conditions, changes in market conditions, the Company's ability to execute its strategic initiatives, and other factors described in the Company's filings with the U.S. Securities and Exchange Commission, including the risks detailed in the Company's annual report on Form 20-F filed with the SEC on June 27, 2025. Forward-looking statements speak only as of the date they are made and the Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this press release, except as required by applicable law. Any references to our website have been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release. About LogProstyle Inc. LogProstyle Inc. is involved in a wide range of businesses, including real estate development, hotel management, and restaurant management. With the slogan "redefine life style," the Company is working on various projects with the aim of illustrating an innovative and sustainable lifestyle. LogProstyle is the first unlisted Japanese company to list its Japanese common shares directly on a major United States stock exchange rather than through American Depositary Receipts (ADRs).
Business Recorder
21-05-2025
- Business
- Business Recorder
Shield Corporation to end diaper production
Shield Corporation Limited (SCL), a Pakistani manufacturer of baby care and hygiene products, has decided to discontinue producing diapers, while continuing operations in its other lines of business. The listed company announced the development in a notice to the Pakistan Stock Exchange (PSX) on Wednesday. 'The Board of Directors (BoD) has made the decision to discontinue the production of diapers while continuing other lines of business,' read the notice. The BoD has authorised the Chief Executive Officer (CEO) to oversee the orderly discontinuation of diaper manufacturing by June 15, 2025, or earlier, based on operational and financial considerations. 'Explore and execute disposal of diaper machines and other assets related to production of diapers and carryout necessary enabling tasks,' the company said. Shield informed that the decision has been taken after a comprehensive review of the operational and financial performance, market dynamics, and future outlook of the product. The company believes that the discontinuation is expected to contribute to the improvement of the bottom line. 'The discontinuation is limited to the diaper product and the company continues its business, including manufacturing of its other baby care products such as baby feeder, baby nipple, soother, teethers, training cup, etc,' it added. SCL was incorporated in Pakistan as a public limited company in 1975. The company's principal business activity is the manufacturing, trading, and sale of oral hygiene and baby care products. SCL caters to the needs of over 300 towns and cities in Pakistan. Besides, the company has a presence in Europe, Asia, and Africa. On Wednesday, the share price of SCL closed at Rs260.73, a decrease of Rs4.28 or 1.62%.
Business Recorder
19-05-2025
- Business
- Business Recorder
Ferozsons mulls buying Barrett Hodgson Pakistan with local consortium
Ferozsons Laboratories Limited (FEROZ) is considering acquiring Barrett Hodgson Pakistan Pvt. Limited, a pharmaceutical company, in partnership with a consortium of prominent Pakistani business groups. The listed company shared the development in a notice to the Pakistan Stock Exchange (PSX) on Monday. 'The Board of Directors (BoD) in their emergent board meeting held on May 17, 2025 reviewed the proposal recommended by the investment committee for the potential acquisition of Barrett Hodgson Pakistan Pvt. Limited, in conjunction with a consortium comprising leading business groups of Pakistan,' read the notice. As per the notice, the BoD further authorised the Chief Executive Officer and the Chief Financial Officer to perform due diligence, appoint advisors, sign all the documents in this respect and to do all other acts, including giving bid money, security, etc., in connection with the aforesaid potential acquisition. 'The final purchase price and equity investment will be approved by BoD based on the outcome of due diligence and other parameters, including relevant approvals,' FEROZ added. Manufacturing HIV drug in Pakistan: Ferozsons partners with US-based Gilead As per information available on the Barrett Hodgson Pakistan (BHP) website, the company ranks among the top 15 pharmaceutical companies in Pakistan. 'While catering to almost all the medicinal categories and specialities with quality products at affordable prices, we exist in the healthcare sector with a comprehensive portfolio of over 100 brands and 240 formulations,' the company states. Meanwhile, Ferozsons Laboratories Limited, incorporated in Pakistan as a public limited company in 1954 and later converted into a public limited company in 1960, is engaged in the manufacturing, import and sale of pharmaceutical products and medical devices. At the time of filing this report, FEROZ's share price stood at Rs294.50, registering an increase of Rs15.22 or 5.45%.
Business Recorder
13-05-2025
- Business
- Business Recorder
Lucky Core Industries proposes 5-for-1 stock split to enhance investor accessibility
Lucky Core Industries (LCI) has informed the exchange that its Board of Directors (BoD) has proposed the sub-division of equity shares subject to shareholder approval. 'It is hereby informed that in order to improve investor accessibility and participation, the BoD of Lucky Core Industries Limited has approved a sub-division of the face value of the shares of the company, subject to the approval of the members,' read the notice on Tuesday. As per the proposal, the face value of each ordinary share be reduced from Rs10 to Rs2 per share. 'As a result, the company's subscribed and paid-up capital, currently comprising 92,359,050 ordinary shares of Rs10 each, will be restructured into 461,795,250 ordinary shares of Rs2 each.' Thatta Cement plans 5-for-1 stock split to broaden investor base The company said that following the stock split, shareholders will be entitled to receive five shares of Rs2 each for every one share of Rs10 held. 'An Extraordinary General Meeting will be convened in due course to obtain members' approval for the above-mentioned matters,' it added. Following the announcement, LCI's stock price surged by Rs69.98, or 4.79%, and at the time of filing was hovering at Rs1,530 per share. LCI was incorporated in Pakistan as a public limited company as Khewra Soda Ash Company in 1953. In 1966, after a year of acquiring Fuller Paints Limited, the company changed its name to ICI Pakistan Manufacturers Limited. Later, Imperial Chemicals (Private) Limited was also merged into the company. In 2012, Lucky Holdings Limited acquired the majority shareholding of the company from AkzoNobel and became the holding company of LCI. The company changed its name from ICI Pakistan Limited to Lucky Core Industries Limited in December 2022. The company undertook other major acquisitions of Cirin Pharmaceuticals Limited, Wyeth Pakistan Limited, and Pfizer Pakistan Limited in the subsequent years. The company is engaged in five diverse businesses i.e. soda ash, polyester, chemicals & agri sciences, pharmaceuticals and animal health.
Middle East Eye
23-04-2025
- Politics
- Middle East Eye
UK: Board of Deputies of British Jews suspends vice-chair for Gaza protest letter
The UK's Board of Deputies (BoD) has suspended a senior member after she co-signed a letter criticising Israel's Prime Minister Benjamin Netanyahu and the war on Gaza. Harriett Goldenberg was one of 36 members of the UK's leading Jewish organisation who broke ranks to condemn Israel's actions over the past year and a half. Published in the Financial Times last week, the letter was the first public show of opposition to Israel's war on Gaza from within the BoD. Signatories urged the board, which has more than 300 elected deputies, to release a statement criticising the renewed offensive in Gaza last month but the organisation has not done so. Instead, Goldenberg and other signatories are 'subject to a complaints procedure' within the organisation following objections by officials within the BoD and members of the public, the body said on Tuesday. New MEE newsletter: Jerusalem Dispatch Sign up to get the latest insights and analysis on Israel-Palestine, alongside Turkey Unpacked and other MEE newsletters Shortly after the letter was published, BoD President Phil Rosenberg said that the contents of the letter did not represent the organisation as a whole. The group also said that the decision to suspend Goldenberg had been taken unanimously by its executive members. In the letter, dissenting members had written: "The inclination to avert our eyes is strong, as what is happening is unbearable, but our Jewish values compel us to stand up and to speak out." "Israel's soul is being ripped out and we, members of the Board of Deputies of British Jews, fear for the future of the Israel we love and have such close ties to," it added. "Silence is seen as support for policies and actions that run contrary to our Jewish values." Goldenberg, vice-chair of the BoD's international division, told the FT that while "some fear the appearance of disloyalty, we feel it is essential as British Jews to speak up". Despite widespread accusations that Israel is conducting a genocide in Gaza, the BoD has been supportive of Israel's war and has opposed even mild attempts by British government officials to restrain the military campaign. In September, the BoD slammed the Labour government for imposing a partial arms embargo on Israel and has consistently voiced support for Israel's war on the besieged Gaza Strip, where more than 51,000 Palestinians have been killed since October 2023.
