SYLA Technologies Co., Ltd. ADR (SYT) has released an update.
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CUMICA Corporation and SYLA Technologies Co., Ltd. have announced a management integration through a share exchange, with CUMICA becoming the parent company. The integration aims to leverage their strengths in real estate and proptech, enhancing their ability to adapt to market changes. As part of this process, SYLA’s shares will be delisted from Nasdaq by May 2025, while CUMICA plans to maintain its listing on the Tokyo Stock Exchange.
For further insights into SYT stock, check out TipRanks’ Stock Analysis page.