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SMC CORPORATION shares surge on reports UK fund Palliser holds 'significant' stake
SMC CORPORATION <6273> continued to surge sharply. Reuters reported on the day that "UK investment fund Palliser Capital has acquired shares in SMC CORPORATION, a factory automation (FA) equipment manufacturer," prompting speculative buying. While no large shareholding report has been confirmed at this point, the article noted that "Palliser has acquired a 'significant' stake in SMC." The report also stated that the fund "intends to request a share buyback worth around 600 billion yen," drawing attention to a possible announcement when the company releases its earnings results for the fiscal year ending March 2026 on May 14.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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