The followings are determined at shareholder's meeting.

1.election or removal of director

2.stock exchange

3.mergers and acquisitions

4.amendent for articles of incorporation

5.assignment of all or substantial all of assets

6.dissolution
Subscription right is generally said Preemptive right.

The right price is calculated by the formula below.

R=(market price - exercise price)/(N+1)
*N is the number of holding shares that are given one right



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I'm surprised that I passed the exam of REG, the score is 85 !!
I'm very happy, because I had been thinking the exam was failed.




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