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An announcement from Japan Airlines Co ( (JP:9201) ) is now available.
Japan Airlines Co., Ltd. has submitted a shareholder proposal to AGP Corporation aimed at consolidating shares, amending articles of incorporation, and appointing directors. The proposal, supported by JAL and other major shareholders, seeks to make JAL, Japan Airport Terminal Co., Ltd., and ANA Holdings Inc. the sole shareholders of AGP, effectively taking the company private. If approved, AGP’s shares will be delisted from the Tokyo Stock Exchange, impacting current shareholders by converting their shares into fractions, with compensation provided accordingly.
More about Japan Airlines Co
Japan Airlines Co., Ltd. (JAL) is a major player in the aviation industry, primarily offering air transportation services. The company is a significant shareholder in AGP Corporation, which provides essential power supply services to aircraft at major airports in Japan.
YTD Price Performance: 12.90%
Average Trading Volume: 825
Technical Sentiment Signal: Hold
Current Market Cap: $8.01B
For an in-depth examination of 9201 stock, go to TipRanks’ Stock Analysis page.