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Sumitomo Mitsui Construction Co., Ltd. ( (JP:1821) ) has issued an update.
Sumitomo Mitsui Construction Co., Ltd. has announced an extraordinary shareholders’ meeting to discuss share consolidation, the abolition of share unit numbers, and amendments to its Articles of Incorporation. This move follows a tender offer by INFRONEER Holdings Inc., which aims to privatize the company by making it a wholly-owned subsidiary. As a result, the company’s shares will be delisted from the Tokyo Stock Exchange in December 2025, impacting shareholders and altering the company’s market presence.
The most recent analyst rating on (JP:1821) stock is a Hold with a Yen641.00 price target. To see the full list of analyst forecasts on Sumitomo Mitsui Construction Co., Ltd. stock, see the JP:1821 Stock Forecast page.
More about Sumitomo Mitsui Construction Co., Ltd.
Sumitomo Mitsui Construction Co., Ltd. operates in the construction industry, focusing on infrastructure development and building projects. The company is listed on the Prime Market of the Tokyo Stock Exchange and is involved in various construction-related activities.
Average Trading Volume: 620,804
Technical Sentiment Signal: Buy
Current Market Cap: Yen93.15B
For an in-depth examination of 1821 stock, go to TipRanks’ Overview page.