With regards to its acquisition of the Malaysian company O.Y.L. INDUSTRIES BHD (headquarters Kuala Lumpur), Daikin Industries, Ltd. announces the conclusion, as of November 10, 2006, of its Mandatory General Offer for O.Y.L shares commenced on October 6, 2006.
As a result of its transactions terminated on November 10, 2006, Daikin Industries, Ltd. has acquired about 99.3% of OYL shares.
In regards to shares without applications to the acceptance form, Daikin intends to begin procedures for compulsory acquisition (Under Article 34 of the Malaysian Securities Commission Act) within one month from October 26, 2006 (the day Daikin officially acquired over 90% of the remaining shares in its Mandatory General Offer).
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