JX Advanced Metals Corporation (TYO:5016) has announced that ENEOS Holdings, Inc. (TYO:5020), previously its parent company, has become an affiliated company as of March 19, 2025.
This change follows the completion of a secondary offering of JXAM's common shares by ENEOS Holdings and share lending for over-allotment in connection with JX Advanced's listing on the Tokyo Stock Exchange Prime Market.
ENEOS Holdings, which now holds 42.38% of JXAM's voting rights (393.5 million shares), no longer qualifies as a parent company.
The two companies maintain a business relationship, with ENEOS Group companies supplying fuel and rolling oil to JX Advanced and engaging in other collaborative activities.
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