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An announcement from NISHIO HOLDINGS CO. LTD. ( (JP:9699) ) is now available.
Nishio Holdings Co., Ltd. has announced that Sanko Kihan Co., Ltd. will acquire a significant portion of its shares from Nishio Trading YK. This acquisition, which constitutes more than 5% of voting rights, is classified as an act equivalent to a tender offer under Japanese financial regulations. The transaction involves 3,060,000 shares, representing 11.03% of voting rights, and is intended for long-term holding by Sanko Kihan, an asset management company with close ties to Nishio Holdings’ leadership.
The most recent analyst rating on (JP:9699) stock is a Buy with a Yen4686.00 price target. To see the full list of analyst forecasts on NISHIO HOLDINGS CO. LTD. stock, see the JP:9699 Stock Forecast page.
More about NISHIO HOLDINGS CO. LTD.
Average Trading Volume: 38,231
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen115.3B
For a thorough assessment of 9699 stock, go to TipRanks’ Stock Analysis page.