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News
Konami Delisted From New York Stock Exchange

posted on by Karen Ressler

Konami Corporation announced on Monday that it has voluntarily delisted its American Depository Shares from the New York Stock Exchange as of April 24. Deregistration from the U.S. Securities and Exchange Commission will go into effect on July 12.

The company is maintaining its listings in the Tokyo Stock Exchange and the London Stock Exchange. In addition, the company will continue to distribute financial news in English for overseas shareholders, even though the company's obligation to do so will end on July 23.

Shares can still be traded in the United States outside of the centralized stock exchange.

Konami confirmed its cancellation of its Silent Hills game project on Monday. The title would have featured game director Hideo Kojima (Metal Gear), acclaimed film director Guillermo del Toro (Pan's Labyrinth, Hellboy, Mimic, Blade II, Pacific Rim), and actor Norman Reedus (The Walking Dead, Mimic, Blade II, Iron Man: Rise of Technovore). The credits listed Kojima Production (with its Fox Engine software) and Konami.

During Konami's restructuring in March, there were unconfirmed rumors that Kojima would be leaving the company after completing Metal Gear Solid V: The Phantom Pain. Konami has not yet addressed the rumors. Metal Gear Solid V: The Phantom Pain is slated to ship for multiple consoles worldwide on September 1.

[Via Wario64]


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