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Nippon Sheet Glass Company ( (JP:5202) ) has issued an update.
Nippon Sheet Glass has disclosed that Japan Industrial Solutions Fund II, a holder of its non-voting Class A shares, has exercised its right to have 1,776 of those preferred shares acquired by the company in exchange for common stock. In response, the company will issue and deliver 3,000,212 new common shares, increasing its outstanding common share count from 99,566,234 to 102,566,446, while reducing Class A shares from 25,308 to 23,532, with the acquired Class A shares to be cancelled, slightly shifting the company’s capital structure toward a larger free-float of voting common shares and a reduced pool of non-voting preferred equity.
The most recent analyst rating on (JP:5202) stock is a Hold with a Yen490.00 price target. To see the full list of analyst forecasts on Nippon Sheet Glass Company stock, see the JP:5202 Stock Forecast page.
More about Nippon Sheet Glass Company
Nippon Sheet Glass Co., Ltd. is a Japanese glass manufacturer listed under code 5202, headquartered in Minato-ku, Tokyo. The company operates in the glass and glazing industry, supplying products for architectural, automotive and technical glass markets in Japan and internationally.
Average Trading Volume: 3,053,335
Technical Sentiment Signal: Buy
Current Market Cap: Yen58.72B
For detailed information about 5202 stock, go to TipRanks’ Stock Analysis page.