ENEOS Holdings ( (JP:5020) ) has shared an update.
ENEOS Holdings announced a partial secondary offering of shares in its subsidiary, JX Advanced Metals Corporation, with a total of 534,934,100 shares to be offered. This move is expected to generate net proceeds of 365,411 million yen, transforming JXAM from a consolidated subsidiary to an equity-method affiliate, impacting ENEOS’s financial structure and market positioning.
More about ENEOS Holdings
ENEOS Holdings, Inc. operates in the energy sector, focusing on petroleum, oil, and metals. It is a major player in the Japanese market, with a significant presence in international markets through its subsidiaries.
YTD Price Performance: 3.08%
Average Trading Volume: 900
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $16.23B
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