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Eiken Chemical Co., Ltd. ( (JP:4549) ) has shared an update.
Eiken Chemical Co., Ltd. has decided to transfer its equity interests in its subsidiary, Eiken China, due to rising labor and transportation costs in Shanghai, which have impacted profitability. The transfer aims to enhance corporate value by improving production efficiency and management through concentrating raw material processing and converting sales to direct channels.
More about Eiken Chemical Co., Ltd.
Eiken Chemical Co., Ltd. operates in the clinical diagnostics industry, focusing on the manufacturing and sales of diagnostic products. The company has been leveraging its subsidiary, Eiken China, to reduce manufacturing costs through low labor expenses.
Average Trading Volume: 103,305
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen71.28B
For a thorough assessment of 4549 stock, go to TipRanks’ Stock Analysis page.