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Metaplanet KK ( (JP:3350) ) has issued an update.
Metaplanet Inc. announced that shareholders at its December 22 extraordinary general meeting approved all proposals, including a drastic reduction of its capital stock to 1 yen and capital reserve to zero, as well as significant amendments to its Articles of Incorporation. The company will substantially increase its total authorized shares to 3.833 billion, expand the authorized amounts of both Class A and Class B shares to 555 million each, revise the rights and provisions attached to these share classes, and proceed with an issuance of Class B shares via third-party allotment, signaling a major restructuring of its capital base and potential repositioning of its shareholder structure.
The most recent analyst rating on (JP:3350) stock is a Hold with a Yen338.00 price target. To see the full list of analyst forecasts on Metaplanet KK stock, see the JP:3350 Stock Forecast page.
More about Metaplanet KK
Metaplanet Inc. is a Japan-based company listed on the Tokyo Stock Exchange Standard market (code 3350). The company operates within the Japanese corporate sector and maintains a shareholder base active enough to convene and vote on significant capital structure and governance changes at extraordinary general meetings.
Average Trading Volume: 37,000,803
Technical Sentiment Signal: Buy
Current Market Cap: Yen494.6B
Learn more about 3350 stock on TipRanks’ Stock Analysis page.