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E-Guardian Clarifies Ties With Parent CHANGE Holdings and Moves to Safeguard Minority Shareholders

Story Highlights
  • E-Guardian detailed its ownership and business relationship with parent CHANGE Holdings, which owns 49.76% and engages in limited service transactions.
  • The company strengthened minority shareholder protection by using an independent special committee to oversee key dealings with its controlling shareholder.
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E-Guardian Clarifies Ties With Parent CHANGE Holdings and Moves to Safeguard Minority Shareholders

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E-Guardian Inc. ( (JP:6050) ) just unveiled an update.

E-Guardian Inc. disclosed its relationship with its controlling shareholder, CHANGE Holdings, Inc., which holds 49.76% of its voting rights and positions E-Guardian within the NEW-IT Transformation Business segment of the group. The company reported ongoing but limited transactions with the parent, including sales of services, and highlighted governance measures to safeguard independent management, noting that only one of six directors concurrently serves as an executive at CHANGE Holdings and its group company. To protect minority shareholders in dealings with the controlling shareholder, E-Guardian has established a special committee composed solely of independent outside directors to oversee significant related-party transactions and monitor potential conflicts of interest.

More about E-Guardian Inc.

E-Guardian Inc., listed on the Prime Market of the Tokyo Stock Exchange, operates in the business process outsourcing (BPO) and related IT services space, and belongs to the NEW-IT Transformation Business segment of its parent, CHANGE Holdings, Inc. The company provides outsourced operational services and conducts transactions, including sales of its services, with group companies within the CHANGE Holdings group, while emphasizing that its business is not dependent on the parent company.

Average Trading Volume: 54,930

Technical Sentiment Signal: Sell

Current Market Cap: Yen18.6B

See more data about 6050 stock on TipRanks’ Stock Analysis page.

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