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Sumitomo Mitsui Construction Co., Ltd. ( (JP:1821) ) just unveiled an announcement.
Sumitomo Mitsui Construction Co., Ltd. has announced its support for a tender offer by INFRONEER Holdings Inc. to acquire all of its common stock, aiming to become a wholly-owned subsidiary. The tender offer’s commencement is contingent upon regulatory approvals in the Philippines, with plans to start around July 2025, and the company’s board has recommended shareholders tender their shares.
More about Sumitomo Mitsui Construction Co., Ltd.
Sumitomo Mitsui Construction Co., Ltd. operates in the construction industry, focusing on building and infrastructure development. The company provides a range of construction services and solutions, catering primarily to the Japanese market and potentially expanding its operations internationally.
Average Trading Volume: 1,028,359
Technical Sentiment Signal: Buy
Current Market Cap: Yen84.71B
Find detailed analytics on 1821 stock on TipRanks’ Stock Analysis page.