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Tokai Carbon Co ( (JP:5301) ) has shared an update.
Tokai Carbon Co., Ltd. has completed the acquisition of Bridgestone Carbon Black (Thailand) Co., Ltd., now renamed Thai Tokai Carbon Product Rojana Co., Ltd., in partnership with Thai Tokai Carbon Product Co., Ltd. This strategic move enhances Tokai Carbon’s footprint in the carbon black manufacturing sector, with the acquisition price set at 2,050,000,000 Thai Baht. The impact of this acquisition on Tokai Carbon’s consolidated performance is under evaluation, with further disclosures to be made as necessary.
The most recent analyst rating on (JP:5301) stock is a Hold with a Yen1045.00 price target. To see the full list of analyst forecasts on Tokai Carbon Co stock, see the JP:5301 Stock Forecast page.
More about Tokai Carbon Co
Tokai Carbon Co., Ltd. operates in the carbon industry, primarily focusing on the manufacture and sale of carbon black, a material used in various industrial applications. The company is listed on the Tokyo Stock Exchange and is expanding its market presence through strategic acquisitions.
Average Trading Volume: 1,088,452
Technical Sentiment Signal: Buy
Current Market Cap: Yen224.4B
See more data about 5301 stock on TipRanks’ Stock Analysis page.