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Finally, with respect to the future schedule, the three companies concluded a joint share transfer agreement with the resolutions of the Board of Directors of each company on May 10, 2013.
After receiving approval at ordinary general meetings of shareholders of the three companies, which are scheduled to be held in the end of June 2013, the three companies will be delisted on September 26, 2013 and Tokyu Fudosan Holdings Corporation will be established and listed on the Tokyo Stock Exchange on October 1, 2013.
Results and dividend forecasts under the new management structure will be announced as soon as they are determined.
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