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WELLNEO SUGAR Co.Ltd. ( (JP:2117) ) has issued an announcement.
WELLNEO SUGAR Co., Ltd. announced that the Impact Neutralization Trust will acquire up to 450,000 of the company’s shares to counteract potential market supply issues due to major shareholder sales and to improve the tradable share ratio. This strategic move is set to occur during the Tokyo Stock Exchange’s off-hours closing price trading, with a maximum purchase of 1.37% of total shares issued.
More about WELLNEO SUGAR Co.Ltd.
WELLNEO SUGAR Co., Ltd. operates within the sugar industry, focusing on the production and distribution of sugar-related products. The company is listed on the TSE Prime Market and is working to enhance its market position by improving the tradable share ratio.
YTD Price Performance: 4.41%
Average Trading Volume: 29,459
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: Yen74.75B
Find detailed analytics on 2117 stock on TipRanks’ Stock Analysis page.