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.
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Wedge Holdings CO., LTD.
Yasuhiro Kotake, +81-3-6225-2207
(Code 2388 TSE JASDAQ Market)