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An announcement from Organo Corp. ( (JP:6368) ) is now available.
Organo Corporation announced its decision to transfer part of its shareholding in its Indonesian joint venture, PT Lautan Organo Water, to its partner’s subsidiary, PT Lautan Air Indonesia. This move is aimed at boosting the synergy and growth potential of the water treatment business in Indonesia, following slower than expected growth. Organo Corporation will retain a 30% stake in the venture, continuing its involvement in the water treatment sector while optimizing its business portfolio.
More about Organo Corp.
Organo Corporation operates in the water treatment industry, providing engineering solutions and services targeting both Japanese and Indonesian markets. The company has been involved in joint ventures to enhance its market presence, particularly through partnerships in Indonesia.
YTD Price Performance: -4.76%
Average Trading Volume: 312,786
Technical Sentiment Consensus Rating: Sell
Current Market Cap: Yen346.5B
For detailed information about 6368 stock, go to TipRanks’ Stock Analysis page.