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Japan Airlines Proposes Share Consolidation to Take AGP Private

Story Highlights
  • Japan Airlines Co., Ltd. proposes to consolidate AGP shares and amend its articles.
  • The proposal aims to delist AGP from the Tokyo Stock Exchange and compensate shareholders.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Japan Airlines Proposes Share Consolidation to Take AGP Private

Confident Investing Starts Here:

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.

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