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Shares of GA technologies rise on announcement of SPC Securities acquisition
Shares of GA Technologies <3491> traded higher following the company's announcement after the market close on the 6th that it will acquire all shares of SPC Securities (Chuo-ku, Tokyo), making it a wholly owned subsidiary. The acquisition of the financial instruments and investment advisory firm is valued at approximately \5 billion. By combining its established customer base and technological capabilities with the SPC Group's financial licenses and fund management expertise, GA Technologies aims to offer clients more diverse and value-added wealth management solutions. This strategic move is serving as a strong buying catalyst for the stock.
Source: MINKABU PRESS
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