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Mitsui Mining and Smelting Company ( (JP:5706) ) has shared an update.
Mitsui Mining & Smelting Co., Ltd. has decided to transfer all its shares in its subsidiary, Mitsui Kinzoku ACT Corporation, to HI-LEX CORPORATION. This strategic move is part of Mitsui Mining’s effort to adapt to technological changes in the automotive industry and enhance its business portfolio. The transfer is expected to help Mitsui Kinzoku ACT achieve sustainable growth by leveraging HI-LEX’s resources and market capabilities, despite the recording of extraordinary losses associated with the share transfer.
The most recent analyst rating on (JP:5706) stock is a Hold with a Yen5800.00 price target. To see the full list of analyst forecasts on Mitsui Mining and Smelting Company stock, see the JP:5706 Stock Forecast page.
More about Mitsui Mining and Smelting Company
Mitsui Mining & Smelting Co., Ltd. operates in the mining and smelting industry, focusing on engineered materials and next-generation business creation. It is known for its dynamic management of business portfolios, concentrating on expanding and fostering value in its operations.
Average Trading Volume: 494,880
Technical Sentiment Signal: Hold
Current Market Cap: Yen226.1B
See more insights into 5706 stock on TipRanks’ Stock Analysis page.