OREANDA-NEWS. HOYA Corporation announced and entered in as of November 16, 2012 an agreement with Seiko Holdings Corporation on the strategic alliance in marketing and distribution to promote eyewear and the related products globally, including the partial ownership of Seiko Optical Products Co., Ltd., a SEIKO wholly owned subsidiary, responsible for the sales of the eyeglass-related products.

Based on the agreement HOYA was scheduled to acquire 30% of the SOP shares from SEIKO as of February 1, 2013. HOYA however announces today that this share acquisition schedule will be postponed, because the antitrust authority of People’s Republic of China will need more time to review this case.

HOYA will announce as soon as further progress is made.