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PLACO surges to daily limit on plan to add data center equipment to business scope
PLACO CO.,LTD. <6347> shares remained locked at their daily limit-up of 345 yen on heavy buy orders. The surge followed the company's post-market announcement on Monday that it will partially amend its articles of incorporation to add the "manufacture and sale of datacenter-related equipment" to its business purposes. Placo stated the amendment is aimed at accommodating business expansion and future development, with the proposal set to be submitted to the regular annual shareholders' meeting on June 25.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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