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MEIWA INDUSTRY shares surge to year-high on speculation over 5% stake acquisition by Seisei
MEIWA INDUSTRY CO.,LTD. <7284> shares rose sharply for the second consecutive day, reaching a new year-to-date high. After the close of trading on the 22nd, it was revealed that Seisei (Edogawa-ku, Tokyo), an investment and M&A firm, had acquired more than 5% of MEIWA INDUSTRY's shares, prompting speculative buying.
According to a large shareholding report filed with the Kanto Local Finance Bureau, the shareholding ratio stands at 5.43%. The reporting obligation occurred on April 15th. The purpose of the holding is stated as "pure investment and, depending on circumstances, to engage in significant proposal activities."
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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