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Mitsui & Co ( (JP:8031) ) has provided an update.
Mitsui & Co., Ltd. announced the issuance of new shares as part of a tenure-linked restricted stock unit system aimed at incentivizing Managing Officers to enhance the company’s long-term corporate value. The issuance involves 493,304 shares to be allocated to eight Managing Officers, including retirees, under a remuneration system that restricts transfer of shares for up to 30 years, with conditions for lifting restrictions based on tenure and conduct.
More about Mitsui & Co
Mitsui & Co., Ltd. is a diversified Japanese company based in Tokyo, primarily engaged in a wide range of industries including energy, machinery, chemicals, food, and logistics. The company focuses on enhancing its corporate value through strategic investments and partnerships across various sectors.
YTD Price Performance: -16.99%
Average Trading Volume: 13,752
Technical Sentiment Signal: Buy
Current Market Cap: $48.42B
Find detailed analytics on 8031 stock on TipRanks’ Stock Analysis page.