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Koei Tecmo Holdings Co., Ltd. ( (JP:3635) ) just unveiled an announcement.
Koei Tecmo Holdings Co., Ltd. announced the disposal of treasury shares and a secondary offering of shares to increase the number of tradable shares and meet the Tokyo Stock Exchange’s listing criteria. Despite efforts, including issuing convertible bonds and conducting a tender offer, the company was unable to improve its tradable share ratio due to the share price remaining below the conversion price, resulting in the redemption of bonds without achieving the desired outcome.
The most recent analyst rating on (JP:3635) stock is a Hold with a Yen2106.00 price target. To see the full list of analyst forecasts on Koei Tecmo Holdings Co., Ltd. stock, see the JP:3635 Stock Forecast page.
More about Koei Tecmo Holdings Co., Ltd.
Koei Tecmo Holdings Co., Ltd. is a prominent company in the digital entertainment industry, primarily focusing on developing and publishing video games. As a leading global entity based in Japan, the company is committed to maintaining its listing on the Tokyo Stock Exchange’s Prime Market to ensure further growth and profitability.
Average Trading Volume: 580,904
Technical Sentiment Signal: Hold
Current Market Cap: Yen648.6B
For an in-depth examination of 3635 stock, go to TipRanks’ Overview page.