BRIDGE International Group extends gains on TerraSky partnership and share buyback
BRIDGE International Group Corp. <7039> shares extended their gains on Monday. Following Friday's close, the company announced a capital and business alliance with TerraSky Co.,Ltd <3915>. By combining BRIDGE International's strengths in sales operations and management with TerraSky's technical expertise in cloud and AI domains, the partners aim to provide high-value-added services. Under the agreement, BRIDGE International will allocate 0.11 million treasury shares (approximately 3.00% of total issued shares) to TerraSky.
The company also announced a share buyback program to repurchase up to 0.15 million shares (4.25% of issued shares excluding treasury stock) or 316.00 million yen, running from June 8 to November 30. The announcements fueled buying interest.
Additionally, BRIDGE International disclosed that it has begun preparations to apply for a market segment transfer from the TSE Growth Market to the Standard Market, aiming for medium- to long-term growth and a further enhancement of corporate value.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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