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Bewith falls for third day after TSE designates stock for monitoring
Bewith Inc. <9216> extended its losses for a third straight session. The drop followed an announcement by the Tokyo Stock Exchange after the market close on May 29 that it would designate the stock as a "security under monitoring (confirmation pending)" effective June 1. The designation comes after the company failed to meet the Prime Market's listing maintenance criteria for the "market capitalization of tradable shares" and entered an improvement period, but compliance could not be confirmed by the May 29 deadline. The company said it believes full compliance with the listing criteria remains highly achievable as of May 31.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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