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Stella Chemifa ( (JP:4109) ) has provided an update.
Stella Chemifa Corporation announced the disposal of 30,000 treasury shares through a third-party allotment to The Custody Bank of Japan, Ltd., as part of an additional contribution to a share delivery trust for its officers. This move is part of a revised share-based compensation plan aimed at aligning director compensation with company performance, which is expected to enhance corporate value over the medium to long term. The company believes the impact on the market will be minimal due to the reasonable scale of dilution.
More about Stella Chemifa
Stella Chemifa Corporation operates in the chemical industry, focusing on the production and distribution of specialty chemicals. The company is listed on the Tokyo Stock Exchange Prime Market and is known for its innovative chemical solutions.
Average Trading Volume: 26,900
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen53.63B
Find detailed analytics on 4109 stock on TipRanks’ Stock Analysis page.
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