Japan is preparing new rules that will require a mandatory assessment of foreign investments involving stakes of at least 10% in listed semiconductor and other high-tech companies on a voting rights basis, the Nikkei Asian Review reported, citing people familiar with the matter.
Under current rules, the government is only required to conduct an assessment if a foreign investor own 10% or more of a listed firm's total outstanding shares, with and without voting rights.
The new rules will be rolled out in the coming months and will also apply to an investment of 10% or more by a group of companies, according to the Aug. 18 report.
Japan recently added high-tech industries to a list of businesses for which foreign ownership of domestic firms is restricted.
