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Aeon to delist from 5 stock bourses in Japan, Europe.

TOKYO, Feb. 16 Kyodo

Major supermarket chain operator Aeon Co. said Monday it will soon delist its shares from two Japanese stock exchanges as well as depository receipts from three European stock bourses this fall, leaving the Tokyo Stock Exchange as the only bourse on which Aeon shares are listed.

Aeon said it is delisting from the Osaka Securities Exchange and the Nagoya Stock Exchange in Japan and stock bourses in Frankfurt, Dusseldorf and Luxembourg because their trading volumes at those venues are minimal.

The delisting from the two Japanese exchanges will be valid in about a month from the date of the Aeon shares being transferred to liquidation posts by the exchanges after its planned submission of relevant application documents on Tuesday, the company said.

The delisting from the German and Luxembourg exchanges will be complete around September, with Aeon filing delisting applications later this month, it added.

A depository receipt is a foreign currency-denominated fund-raising instrument. The receipt is the equivalent of shares and represents the underlying security deposited at a custodian bank by its issuer.
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Publication:Japan Weekly Monitor
Date:Feb 17, 2004
Words:178
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