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GNI Group ( (JP:2160) ) has issued an update.
GNI Group has decided to withdraw from Governance Partners ASIA Limited Partnership, a fund it had treated as a consolidated subsidiary, ending its equity relationship and removing the vehicle from its scope of consolidation. The move is part of a broader effort to streamline investment management and review the group’s ownership structure, with 4 million shares of Japan Asia Investment Co., Ltd. that were held by the fund to be distributed in kind so that GNI Group will hold them directly, a change the company expects will have only an immaterial impact on its fiscal 2025 consolidated results.
The most recent analyst rating on (JP:2160) stock is a Hold with a Yen2311.00 price target. To see the full list of analyst forecasts on GNI Group stock, see the JP:2160 Stock Forecast page.
More about GNI Group
GNI Group Ltd. is a Japan-listed company on the Tokyo Stock Exchange Growth market that operates in the investment and life sciences-related fields, using equity holdings and strategic partnerships to manage and expand its portfolio, particularly in Japanese and Asian companies.
YTD Price Performance: -31.51%
Average Trading Volume: 1,140,421
Technical Sentiment Signal: Hold
Current Market Cap: Yen129.7B
Learn more about 2160 stock on TipRanks’ Stock Analysis page.