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WASHINGTON HOTEL shares surge on rising stake held by APA Holdings and affiliates to 6.24%
WASHINGTON HOTEL CORPORATION <4691> saw its indicative buy price rise sharply. After the close of trading on the 17th last week, it was revealed that APA HOLDINGS (Minato-ku, Tokyo) and affiliates had increased their stake in WASHINGTON HOTEL, spurring speculation. According to an amended report filed on that day, the joint ownership ratio by APA HOLDINGS and APA HOTEL (same location) rose from 5.08% to 6.24%. The reporting obligation date was the 10th, with the stated purpose of ownership being "pure investment."
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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