MODEC Announces Shift in Major Shareholder

Modec (JP:6269) has released an update.

MODEC, INC. has announced a change in its largest shareholder following the purchase of 89,500 shares by Mitsui O.S.K. Lines, Ltd., subsequently altering the company’s affiliated companies. Previously, MITSUI & CO., LTD. was the largest shareholder but will no longer hold that position after the transaction completed on August 20, 2024. The detailed implications of these changes on MODEC’s corporate structure and future operations have not been fully disclosed.

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