The Extraordinary General Meeting held on July 29th decided to change the structure of our Exchange from a membership organization to a stock company (demutualization).
Based on the approval from the Ministry of Economy, Trade and Industry (METI), The Tokyo Commodity Exchange (TOCOM) will become the first for-profit commodity exchange in Japan on December 1st, 2008.
As a result of the demutualization, we anticipate that the speed of our decision-making process increases as well as flexible fund raising becomes feasible.
Source: TOCOM 04.08.2008
Filed under: News , Asia, Commodities, Exchanges, IPO, Japan, MetaBit, TOCOM Tokyo Commodity Exchange
