Mitsuba Corporation (JP:7280) has released an update.
MITSUBA Corporation has successfully completed a series of financial maneuvers including the acquisition and retirement of Class-A and Class-C shares, the issuance of Class-D shares through a third-party allotment, and the reduction of share capital and capital reserve. These strategic moves were executed on June 28, 2024, with significant cash transactions amounting to billions of yen as part of a broader refinancing plan which also involved the reduction of share capital and capital reserve.
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