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AEON Financial Service Challenges Equity Transfer Agreement Due to Accounting Irregularities

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AEON Financial Service Challenges Equity Transfer Agreement Due to Accounting Irregularities

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AEON Financial Service Co ( (JP:8570) ) just unveiled an announcement.

AEON Financial Service Co., Ltd. has discovered inappropriate accounting transactions related to its acquisition of Post and Telecommunication Finance Company Limited (PTF) in Vietnam, leading to the assertion that the equity transfer agreement with SeABank is invalid. The company is seeking legal recourse to invalidate the agreement, recover expenses, and pursue compensation, while continuing its commitment to improving customer lives in Vietnam.

The most recent analyst rating on (JP:8570) stock is a Hold with a Yen1290.00 price target. To see the full list of analyst forecasts on AEON Financial Service Co stock, see the JP:8570 Stock Forecast page.

More about AEON Financial Service Co

AEON Financial Service Co., Ltd. operates in the finance industry, focusing on enhancing financial services that are closely related to the daily lives of customers, particularly in regions like Vietnam, which is considered a crucial part of their overseas strategy.

Average Trading Volume: 1,010,565

Technical Sentiment Signal: Strong Buy

Current Market Cap: Yen280.9B

See more insights into 8570 stock on TipRanks’ Stock Analysis page.

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