Resonac Holdings rises for 3rd straight session on Capital Research stake increase
Resonac Holdings Corporation <4004> extended gains for a third straight session, surging after it emerged that U.S. investment advisory firm Capital Research and Management Company and its joint holders increased their combined stake from 11.62% to 12.40%, fueling buying interest. According to an amended report filed with the Kanto Local Finance Bureau, the reporting obligation arose on Sept. 25. Capital Research and Management, which holds an 11.86% stake on a standalone basis, stated its holding purpose is pure investment on behalf of overseas investment trusts.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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