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TOKAI Holdings Announces Secondary Share Offering Details

Story Highlights
  • TOKAI Holdings operates in utilities and services, focusing on energy and communications.
  • The company announced a secondary share offering with a selling price of 1,037 yen per share.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
TOKAI Holdings Announces Secondary Share Offering Details

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Tokai Holdings Corporation ( (JP:3167) ) has issued an update.

TOKAI Holdings Corporation has announced the selling price for its secondary offering of shares, which was resolved by the Board of Directors. The offering includes a selling price of 1,037 yen per share, with a total amount of 7,839,512,600 yen, and involves both purchase and underwriting by underwriters, as well as an over-allotment option. This move is part of the company’s strategic financial operations, potentially impacting its market position and stakeholder interests.

The most recent analyst rating on (JP:3167) stock is a Hold with a Yen1191.00 price target. To see the full list of analyst forecasts on Tokai Holdings Corporation stock, see the JP:3167 Stock Forecast page.

More about Tokai Holdings Corporation

TOKAI Holdings Corporation operates in the utilities and services industry, focusing on providing essential services such as energy, information and communications, and real estate. The company is listed on the Tokyo Stock Exchange under the stock code 3167.

Average Trading Volume: 208,171

Technical Sentiment Signal: Buy

Current Market Cap: Yen139.9B

For a thorough assessment of 3167 stock, go to TipRanks’ Stock Analysis page.

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