Kumamoto- and Fukuoka-based リブワーク announced a capital and business alliance with V3D Asia. Following the announcement, its share price rebounded for the first time in 3 days and approached its year-to-date high.
リブワーク announced a capital and business alliance with V3D Asia on the afternoon of the 25th. Following the announcement, its closing price that day was ¥648, down ¥7 from the previous day.
V3D Asia develops 3D printers and construction materials for the construction industry, and indicated that it plans to promote overseas expansion and lower prices through the alliance.
By leveraging V3D Asia’s construction track record and local network in Southeast Asia, リブワーク is expected to accelerate the launch of overseas operations, primarily in Indonesia and Malaysia.
The closing price on the 25th was ¥648, down ¥7 from the previous day.