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WELLNEO SUGAR Co.Ltd. ( (JP:2117) ) has shared an announcement.
WELLNEO SUGAR Co., Ltd. announced the establishment of the Impact Neutralization Trust to increase its tradable share ratio. This initiative aims to improve market liquidity by selling shares held by major shareholders like ITOCHU and SUMITOMO CORPORATION while minimizing market supply and demand impact. The Trust will use funds to acquire and then sell the company’s shares through the Tokyo Stock Exchange’s off-hours trading system, thereby enhancing shareholder value and compliance with listing criteria.
More about WELLNEO SUGAR Co.Ltd.
WELLNEO SUGAR Co., Ltd. operates in the sugar industry, focusing on the production and distribution of sugar and related products. The company is listed on the TSE Prime Market and is working to meet the Continued Listing Criteria by improving its tradable share ratio.
YTD Price Performance: 4.46%
Average Trading Volume: 29,488
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: Yen74.79B
For an in-depth examination of 2117 stock, go to TipRanks’ Stock Analysis page.