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Globe-Ing, Inc. ( (JP:277A) ) has shared an update.
Globe-Ing, Inc. announced the sale of shares by its representative director, Sosuke Wajima, which will result in a change in the controlling shareholder other than the parent company. This move aims to avoid retained earnings tax and increase the tradable share ratio, aligning with the company’s strategy to prepare for a future listing on the Prime Market. The shares are being acquired by two globally renowned institutional investors, expected to provide stable support for the company’s growth. Despite the change in shareholding, the company anticipates minimal impact on its business performance and expects a decrease in corporate tax expenses for the fiscal year ending May 2026.
More about Globe-Ing, Inc.
Globe-Ing, Inc. operates in the growth market of the Tokyo Stock Exchange, focusing on enhancing corporate value and preparing for future listings on the Prime Market. The company is involved in strategic share transactions to optimize its shareholder structure and tax position.
Average Trading Volume: 209,612
Technical Sentiment Signal: Strong Buy
For an in-depth examination of 277A stock, go to TipRanks’ Overview page.