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FRIENDLY CORP announces change in shareholding structure and business rehabilitation plan

Thursday, 31 Jul 2014 11:20pm EDT

FRIENDLY CORP:Says second biggest shareholder, previous chairman to transfer 1,046,303 shares to the company freely on Oct. 30.Says voting rights in the company of previous chairman to be 7.09 pct (962,000 shares) , decreased from 13.75 pct (2,009,203 shares) on Oct. 30.Filed for business rehabilitation with Regional Economy Vitalization Corporation of Japan(REVIC) on Aug. 1 and receives permission on Aug. 1.To renovate existing stores, shut down partial stores and improve operation of stores.


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