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WACOAL shares surge to daily limit on reports of pressure from 3D Investment to sell assets
WACOAL HOLDINGS CORP. <3591> surged, marking a fifth straight session of gains. The stock hit its daily limit of 5,042 yen, reaching a fresh year-to-date high. According to the May issue of monthly magazine FACTA, which emerged on the 18th, a senior executive at a major Japanese bank revealed that WACOAL is facing pressure to sell the company from Singapore-based 3D Investment Partners, a major activist shareholder. The report fueled speculation over a potential tender offer, drawing heavy buying interest.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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