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HOTLAND shares plunge on public offering of 4.14 million shares, dilution concerns
HOTLAND HOLDINGS <3196> plunged sharply. After the close of trading on the 9th, the company announced a public offering of 4,142,800 new shares and a secondary offering of up to 621,400 shares through an over-allotment, triggering selling amid concerns over shareholder dilution.
The offering price is scheduled to be determined on one of the days between April 20th and 23rd. The proceeds of up to \8,914.67 million will be allocated to capital expenditures for new store openings and renovations, centered on "Gindaco Highball Sakaba," "Oden-ya Takeshi," "Tokyo Aburagumi Sohonten
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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