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Fibergate rebounds after three-day decline on acquisition of Aiwa as subsidiary
Fibergate Inc <9450> rebounded after a three-day decline. Fibergate announced on the 21st that it acquired all shares of Aiwa, a Yamato-based telecommunications construction and network camera installer, to make it a subsidiary, sparking buy orders. The acquisition aims to strengthen its telecommunications construction capabilities. Fibergate noted that the transaction will have a minor impact on its earnings for the fiscal year ending June 2026.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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