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An announcement from WELLNEO SUGAR Co.Ltd. ( (JP:2117) ) is now available.
WELLNEO SUGAR Co., Ltd. has announced a merger with its wholly-owned subsidiary, DAIICHI TOGYO CO., LTD., as part of a strategic move to streamline operations. The merger, which is expected to result in a loss on extinguishment of shares, is scheduled to be effective from October 1, 2025, pending shareholder approval. This consolidation is likely to enhance WELLNEO SUGAR’s operational efficiency and market positioning.
More about WELLNEO SUGAR Co.Ltd.
WELLNEO SUGAR Co., Ltd. operates in the food industry, primarily focusing on the manufacture and sale of sugar and other food products. The company also engages in fitness club operations, refrigerated warehousing, port transportation, and the sale of synthetic resins. It is headquartered in Tokyo and has significant shareholders including ITOCHU Corporation and Sumitomo Corporation.
Average Trading Volume: 37,217
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen72.85B
Find detailed analytics on 2117 stock on TipRanks’ Stock Analysis page.