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Niko AM cancels secondary offering of shares


Nikko Asset Management announces that in consideration of recent market conditions and other factors, the company has, following a resolution adopted at the meeting of the Board of Directors of the Company held on 2 December, 2011, determined to cancel the anticipated secondary offering of shares of its common stock and to suspend the related listing process of its shares on the Tokyo Stock Exchange, as previously resolved at the meeting of the Board of Directors held on 16 November, 2011.

The company remains committed to the belief that, as a publicly listed asset management company, it can contribute to the development of the Asian asset management industry and help millions of Asian investors grow their wealth. However, as there is no need for the company to raise cash through an immediate listing, the company has decided that it is appropriate to suspend the listing during this time of market volatility. As such, the Company will seek to resume its listing plans when market conditions are more stable.


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