Wedge Holdings: The British Virgin Islands Court Changed and Significantly Limited the Injunction Which J Trust Demanded

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TOKYO–(BUSINESS WIRE)–Feb. 19, 2018

On 14th Feb, Wedge Holdings CO., LTD. (the company) (JASDAQ:2388) and its parent company, Showa Holdings Co., Ltd. were informed that the British Virgin Islands (BVI) court has granted the variation of the injunction sought by A. P. F. Group Co., Ltd. (APFG) and Mr. Mitsuji Konoshita. The injunctions were previously filed by J Trust Co., Ltd group (J Trust). The court changed and significantly limited the injunction against APFG and Mr. Mitsuji Konoshita.

This is the first time the BVI court heard both sides and the court made the decision to grant the variation of the injunction in favor of APFG and Mr. Mitsuji Konoshita. This is a good step forward and the company believes that it will have good effect on the cases between J Trust and Group Lease group which is the company’s subsidiary. The company believes these lawsuits are fictitious claims made by J Trust.

View source version on businesswire.com: http://www.businesswire.com/news/home/20180218005053/en/

Contact:

Wedge Holdings CO., LTD.
Yasuhiro Kotake, +81-3-6225-2207
wedge-ir@wedge-hd.com
IR Representative
(Code 2388 TSE JASDAQ Market)

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