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Alps Alpine Co ( (JP:6770) ) has issued an announcement.
Alps Alpine Co., Ltd. has announced a new initiative to dispose of treasury shares to its Employee Stock Ownership Plan (ESOP) as part of a special incentive scheme. This move aims to enhance employee benefits, encourage personal wealth building, and incentivize employees to contribute to the company’s sustainable growth. The disposal will involve 753,300 shares, representing a minor dilution of 0.34% of outstanding shares, and is intended to align employee interests with those of shareholders, thereby enhancing corporate value.
The most recent analyst rating on (JP:6770) stock is a Sell with a Yen1500.00 price target. To see the full list of analyst forecasts on Alps Alpine Co stock, see the JP:6770 Stock Forecast page.
More about Alps Alpine Co
Alps Alpine Co., Ltd. operates in the electronics industry, focusing on the production of electronic components and automotive infotainment systems. The company aims to enhance its market position by offering innovative solutions and maintaining a strong focus on employee engagement and corporate growth.
Average Trading Volume: 1,143,390
Technical Sentiment Signal: Buy
Current Market Cap: Yen292.3B
For an in-depth examination of 6770 stock, go to TipRanks’ Overview page.