Some form of equityissue is likely in the form of depositary receipts, because Yuksi wants to broaden a shareholding base that will be narrow at first.
Yumeshin failed to block Japan Engineering's defences of a stock split and an equity warrant issue, but the Tokyo District Court laid down reassuring criteria for their use: that they must not simply be in the board's self-interest, and that they are subject to shareholders' approval.