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Daito Construction ( (JP:1878) ) has shared an announcement.
Daito Trust Construction has successfully completed a tender offer for common shares of THE Global Co., Ltd., acquiring 12,715,775 shares at 1,280 yen per share during the April 7 to May 22 offer period. As the number of tendered shares far exceeded the minimum threshold, THE Global is now expected to become an affiliate of Daito Trust Construction by May 28, 2026, strengthening Daito’s influence in the real estate sector and expanding its strategic footprint through closer ties with a Tokyo Stock Exchange Standard Market-listed company.
The most recent analyst rating on (JP:1878) stock is a Hold with a Yen17500.00 price target. To see the full list of analyst forecasts on Daito Construction stock, see the JP:1878 Stock Forecast page.
More about Daito Construction
Daito Trust Construction Co., Ltd. is a Japan-based construction and real estate services company listed on the Tokyo Stock Exchange Prime Market and Nagoya Stock Exchange Premier Market. The group focuses on property development, leasing, and related real estate businesses, positioning itself as a major player in Japan’s housing and rental market.
Average Trading Volume: 1,648,870
Technical Sentiment Signal: Buy
Current Market Cap: Yen1169.3B
See more data about 1878 stock on TipRanks’ Stock Analysis page.