INFRONEER Holdings Inc. (JP:5076) has released an update.
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INFRONEER Holdings Inc. has resolved to eliminate its cross-shareholdings by FY2027, working towards a goal of less than 20% of net assets in such holdings. The company plans to sell over JPY 25 billion of shares in Maeda Corp. this financial year to invest more efficiently, particularly in growth areas like renewable energy and public-private partnerships. Proceeds from the sales will be used to enhance financial discipline and capital efficiency.
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