Direct Marketing MiX (TYO:7354) said it will transfer its shares from the Tokyo Stock Exchange's Prime Market to the Standard Market on Jan. 14, after receiving approval from the exchange, according to a Wednesday filing on the Tokyo Stock Exchange.
The company said it decided to change market segments after reviewing its compliance with Prime Market listing criteria and weighing whether to continue short-term measures or focus resources on strengthening core businesses and long-term growth.
As part of the move, it will withdraw its previously disclosed plan to meet Prime Market maintenance standards.
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