Honda Motor Company (HMC) has released an update.
Honda Motor Co., Ltd. has announced a secondary offering of shares aimed at unwinding cross-shareholdings and diversifying its shareholder base to enhance management discipline and corporate value. The offering includes shares from major insurance companies and financial institutions, with the exact selling price to be determined based on market conditions. The move reflects a broader trend in Japanese corporate governance towards reducing insider shareholdings and attracting quality investors for long-term support.
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