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Mitsui Matsushima Holdings Co., Ltd. ( (JP:1518) ) has provided an announcement.
Mitsui Matsushima Holdings Co., Ltd. has announced a capital reduction in its subsidiaries Mitsui Matsushima International Pty Limited and Mitsui Matsushima Australia Pty Limited, following the completion of its interest sale in the Liddell Coal Mine in Australia. This move signifies the company’s exit from the coal production and sales business, leading to the deregistration of these subsidiaries under Australian law, and they will no longer be classified as specified subsidiaries. The impact on the company’s consolidated financial results is expected to be minor.
More about Mitsui Matsushima Holdings Co., Ltd.
Mitsui Matsushima Holdings Co., Ltd. operates in the coal production industry, with its primary focus on coal production and sales. The company has been involved in the management of subsidiaries in Australia, specifically through Mitsui Matsushima International Pty Limited and Mitsui Matsushima Australia Pty Limited.
Average Trading Volume: 102,129
Technical Sentiment Signal: Buy
Current Market Cap: Yen81.31B
For a thorough assessment of 1518 stock, go to TipRanks’ Stock Analysis page.