Tokyo Sangyo (8070) · InitiativeFirst stated

Elimination of cross-shareholdings and expansion of the shareholder base through a secondary offering

First written in FY2022-Q1. . Latest entry: FY2022-Q1.

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Secondary Offering to Unwind Cross-ShareholdingsA theme 4 companies write about · 0 as a headwind · 4 as a tailwind

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FY2022-Q1First statedAnnual report
「The Company conducted a secondary offering of its common shares, announced on 5 July 2021 in the “Notice Regarding Secondary Offering of Shares and Change in Major Shareholders” (hereinafter, the “Offering”), for the purposes of unwinding cross-shareholdings, expanding the shareholder base, improving the distribution of shares and enhancing liquidity, as well as increasing shareholder value by strengthening corporate governance.」
The Company conducted a secondary offering of common shares to unwind cross-shareholdings, improve the shareholder base and liquidity, and strengthen corporate governance.

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