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AViC turns positive in afternoon session on speculation over Midas Capital's 5% stake
Shares of AViC Co., Ltd. <9554> swung into positive territory during Tuesday's afternoon session, driven by speculative buying after a regulatory filing revealed that Tokyo-based investment firm Midas Capital has acquired a 5.0% stake in the company. According to the large shareholding report submitted to the Kanto Local Finance Bureau, the reporting obligation arose on May 27. Midas Capital stated that the purpose of its holding is pure investment based on expectations for AViC's medium- to long-term business growth and corporate value enhancement, intending to maintain a stable, long-term position.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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