[Federal Register Volume 69, Number 37 (Wednesday, February 25, 2004)]
[Notices]
[Page 8709]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-4060]


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SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application of Matsushita Electric 
Industrial Co., Ltd. To Withdraw its American Depositary Shares 
Evidenced by American Depositary Receipts (Each Share Representing One 
Share of Common Stock) From Listing and Registration on the Pacific 
Exchange, Inc.; File No. 1-06784

February 19, 2004.
    Matsushita Electric Industrial Co., Ltd., a Japan corporation 
(``Issuer''), has filed an application with the Securities and Exchange 
Commission (``Commission''), pursuant to section 12(d) of the 
Securities Exchange Act of 1934 (``Act'')\1\ and Rule 12d2-2(d) 
thereunder,\2\ to withdraw its American Depositary Shares evidenced by 
American Depositary Receipts (each share representing one share of 
common stock) (``Security''), from listing and registration on the 
Pacific Exchange, Inc. (``PCX'' or ``Exchange'').
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    \1\ 15 U.S.C. 78l(d).
    \2\ 17 CFR 240.12d2-2(d).
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    The Board of Directors of the Issuer approved a resolution on 
November 25, 2003 to withdraw the Issuer's Security from listing on the 
PCX. The Issuer states that its decision to delist the Security is a 
part of the Company's strategy to establish an effective global listing 
structure by concentrating the listing of its shares on a limited 
number of stock exchanges. The Issuer believes that the original 
purposes of listing on the PCX, the enhancing of the Issuer's 
recognition and credibility in the United States, have been achieved. 
In addition, since the Security is listed on the New York Stock 
Exchange, Inc. (``NYSE''), where most of the Issuer's Security is 
traded, the Issuer believes that delisting the Security will not cause 
any significant inconvenience to its shareholders.
    The Issuer stated in its application that it has complied with the 
PCX rules that govern the removal of securities from listing and 
registration on the Exchange and will all applicable laws in effect in 
Japan. The Issuer's application relates solely to the withdrawal of the 
Security from listing on the PCX and shall not affect its continued 
listing on the NYSE or its obligation to be registered under section 
12(b) of the Act.\3\
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    \3\ 15 U.S.C. 781(b).
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    Any interested person may, on or before March 12, 2004, submit by 
letter to the Secretary of the Securities and Exchange Commission, 450 
Fifth Street, NW., Washington, DC 20549-0609, facts bearing upon 
whether the application has been made in accordance with the rules of 
the PCX and what terms, if any, should be imposed by the Commission for 
the protection of investors. All comment letters should refer to File 
No. 1-06784. The Commission, based on the information submitted to it, 
will issue an order granting the application after the date mentioned 
above, unless the Commission determines to order a hearing on the 
matter.

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\4\
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    \4\ 17 CFR 200.30-3(a)(1).
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Jonathan G. Katz,
Secretary.
[FR Doc. 04-4060 Filed 2-24-04; 8:45 am]
BILLING CODE 8010-01-P