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The latest announcement is out from Ascentech KK ( (JP:3565) ).
Ascentech K.K. has announced its board of directors’ support for a tender offer by OPI 18 Corporation to acquire all of its common shares, with the intention of making Ascentech a wholly-owned subsidiary and subsequently delisting its shares. This move is part of a strategic transaction involving key shareholders, including agreements with the largest shareholder and a significant business partner, Cloud Software Group, Inc., which plans to reinvest in OPI 18 Corporation, indicating a continued business relationship post-acquisition.
More about Ascentech KK
Average Trading Volume: 308,586
Technical Sentiment Signal: Buy
Current Market Cap: Yen20.35B
Find detailed analytics on 3565 stock on TipRanks’ Stock Analysis page.