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The latest update is out from Seiren Co ( (JP:3569) ).
Seiren Co., Ltd. has announced a change in its business succession scheme involving Unitika Ltd. and Nippon Ester Co., Ltd. Originally planned as an incorporation-type company split, the method has been altered to an absorption-type company split to facilitate a smoother transaction process. This strategic move is expected to streamline operations and enhance Seiren’s market position by acquiring the textile business of Unitika and Nippon Ester, making the new entity a subsidiary of Seiren.
The most recent analyst rating on (JP:3569) stock is a Buy with a Yen3435.00 price target. To see the full list of analyst forecasts on Seiren Co stock, see the JP:3569 Stock Forecast page.
More about Seiren Co
Seiren Co., Ltd. operates in the textile industry, focusing on the production and development of advanced textile products. The company is known for its innovative approach in the textile sector, offering a range of products that cater to various market needs.
YTD Price Performance: 10.43%
Average Trading Volume: 134,806
Technical Sentiment Signal: Buy
Current Market Cap: Yen161.5B
For detailed information about 3569 stock, go to TipRanks’ Stock Analysis page.