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MATSUMOTO INC. surges to daily limit up as TSE removes securities on alert designation following compliance with listing criteria
MATSUMOTO INC. <7901> surged to 1,060 yen, hitting the daily limit up. After trading closed on the 20th, the company announced that as of April 30, it had met all listing maintenance criteria for the Tokyo Stock Exchange's Standard Market. In response, the TSE removed the securities on alert (under confirmation) designation effective May 21. The move appears to have attracted buying on the view that delisting risk has receded. While the company had failed to meet the tradable shares market capitalization criteria as of April 30 last year, it has now satisfied this requirement. The TSE had designated the company's shares as securities on alert (under confirmation) effective May 1 this year.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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