JT to Delist From Three Japanese Stock Exchanges

Source from:  Tobacco Reporter 04/16/2012

Japan Tobacco Inc has said that it will apply for delisting from three Japanese stock exchanges: the Nagoya Stock Exchange, the Fukuoka Stock Exchange and the Sapporo Securities Exchange. The company is currently listed on five stock exchanges in Japan and its shares will continue to be traded in Tokyo and Osaka. JT said it was taking this action so as to reduce the costs associated with listing and in light of the extremely low volume of its shares traded on the Nagoya, Fukuoka and Sapporo exchanges. The company will apply for the delistings on April 16 and expects that it will take just over a month for them to come into effect. Enditem