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May 27, 2005

Hercules Freeze

A freeze was announced on new listings to the Hercules exchange for start-up companies. The Osaka Stock Exchange announced the decision yesterday following recent problems caused by the exchange's inability to handle huge online orders for new issues. The freeze will remain until January of next year. Three previously announced new listings, including that of English school operator Zenken All, are expected to go ahead as planned in June.

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