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Nippon Sheet Glass Company ( (JP:5202) ) has provided an announcement.
Nippon Sheet Glass has announced that Japan Industrial Solutions Fund II, a holder of its Class A shares, has exercised its right to exchange 1,776 Class A shares for 3,000,212 common shares. This transaction will result in an increase in the company’s common shares and a decrease in its Class A shares, which do not carry voting rights. The move is part of a strategic financial restructuring, potentially impacting shareholder value and market perception.
The most recent analyst rating on (JP:5202) stock is a Hold with a Yen509.00 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. operates in the glass manufacturing industry, providing a range of glass products and solutions. The company is known for its production of architectural and automotive glass, as well as glass for solar energy applications, serving markets globally.
Average Trading Volume: 1,241,993
Technical Sentiment Signal: Buy
Current Market Cap: Yen46.24B
Find detailed analytics on 5202 stock on TipRanks’ Stock Analysis page.