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Lintec ( (JP:7966) ) has provided an update.
Lintec Corporation has completed the acquisition of 469,000 of its own shares, amounting to approximately 1.33 billion yen, through market transactions on the Tokyo Stock Exchange. This move is part of a broader strategy approved by the Board of Directors to acquire up to 3 million shares, aiming to manage its capital structure and maintain strategic voting rights, particularly in relation to Nippon Paper Industries Co., Ltd., which holds a significant stake in the company.
The most recent analyst rating on (JP:7966) stock is a Hold with a Yen3700.00 price target. To see the full list of analyst forecasts on Lintec stock, see the JP:7966 Stock Forecast page.
More about Lintec
Lintec Corporation operates in the manufacturing industry, focusing on the production of adhesive-related products and specialty papers. The company is listed on the Tokyo Stock Exchange and is known for its innovative solutions in the adhesive and paper sectors, catering to a wide range of market needs.
Average Trading Volume: 208,961
Technical Sentiment Signal: Buy
Current Market Cap: Yen197B
Learn more about 7966 stock on TipRanks’ Stock Analysis page.