Japan’s Securities and Exchange Surveillance Commission (SESC) is investigating possible insider trading around the takeover by Wal-Mart of Seiyu Ltd in 2007, local media reports have said.

The US retail giant completed a tender offer to acquire total control of former Japanese subsidiary Seiyu in December 2007. However, Wal-Mart Stores is now said to be cooperating with an investigation into possible insider trading connected to the transaction, the news agency Reuters said.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

“We have fully cooperated with the authorities for their investigation and will continue to do so,” said Kumie Wama, a Tokyo-based spokeswoman for Wal-Mart was quoted by Reuters saying. 

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now