Toyo Tire Sells Shareholdings to Boost Capital
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Toyo Tire Sells Shareholdings to Boost Capital

Toyo Tire (JP:5105) has released an update.

Toyo Tire Corporation has decided to sell a portion of its shareholdings to enhance capital efficiency and generate funds for expanding facilities and developing new products. The sale, expected to gain 6,500 million yen, will occur through ordinary sales on the Tokyo Stock Exchange. The company is evaluating the impact of this transaction on its financial forecast for 2024.

For further insights into JP:5105 stock, check out TipRanks’ Stock Analysis page.

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