Japan Airlines Co ( (JP:9201) ) just unveiled an update.
Japan Airlines Co., Ltd. has submitted a shareholder proposal to AGP Corporation to consolidate shares, amend articles of incorporation, and appoint directors, aiming to make JAL, Japan Airport Terminal Co., Ltd., and ANA Holdings Inc. the sole shareholders of AGP. If approved, AGP’s shares will be delisted from the Tokyo Stock Exchange, affecting current shareholders who will receive monetary compensation for fractional shares, with JAL planning to finance this through borrowings or contributions.
More about Japan Airlines Co
Japan Airlines Co., Ltd. (JAL) is a major player in the aviation industry, primarily engaged in air transportation services. The company is known for its extensive network of domestic and international flights, serving as a significant carrier in the Japanese market.
YTD Price Performance: 12.93%
Average Trading Volume: 825
Technical Sentiment Signal: Hold
Current Market Cap: $7.88B
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