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Sumitomo Densetsu Co ( (JP:1949) ) just unveiled an announcement.
Sumitomo Densetsu Co., Ltd. announced the successful completion of a tender offer by Daiwa House Industry Co., Ltd., resulting in a significant change in its major shareholders. Daiwa House Industry, a prominent player in construction and urban development, will now hold 20% of the voting rights, marking a strategic shift in Sumitomo Densetsu’s shareholder structure. This development may influence the company’s future operations and stakeholder dynamics.
The most recent analyst rating on (JP:1949) stock is a Buy with a Yen10214.00 price target. To see the full list of analyst forecasts on Sumitomo Densetsu Co stock, see the JP:1949 Stock Forecast page.
More about Sumitomo Densetsu Co
Sumitomo Densetsu Co., Ltd. operates in the construction and engineering industry, focusing on providing electrical and telecommunication facilities. The company is known for its expertise in infrastructure development and has a significant presence in the Japanese market.
Average Trading Volume: 152,929
Technical Sentiment Signal: Buy
Current Market Cap: Yen345.4B
See more insights into 1949 stock on TipRanks’ Stock Analysis page.