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The latest announcement is out from Elan Corp. ( (JP:6099) ).
ELAN Corporation announced the approval of its equity-method affiliate, Classico Inc., for listing on the Tokyo Stock Exchange Growth Market. Classico, known for its stylish and functional medical apparel, aims to enhance its credibility and expand its business reach through this listing. ELAN will maintain its stake in Classico, supporting its independent management while continuing to focus on maximizing the corporate value of the entire group.
More about Elan Corp.
ELAN Corporation operates in the healthcare services industry, providing a comprehensive service called ‘CS Set’ that combines rental with clothing and towel exchange services, along with disposable diapers and daily necessities for hospitals and nursing care facilities. The company collaborates with Classico Inc., from which it procures original patient clothing.
Average Trading Volume: 130,567
Technical Sentiment Signal: Sell
Current Market Cap: Yen47.7B
See more insights into 6099 stock on TipRanks’ Stock Analysis page.