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Sanshin Electronics Co ( (JP:8150) ) has provided an update.
Sanshin Electronics Co., Ltd. announced that its Hong Kong subsidiary suffered a financial loss of approximately 1.771 million US dollars due to a fraudulent remittance instruction by a third party. The company is cooperating with local authorities to investigate the crime and is working to recover the lost funds. The incident may impact the company’s financial forecasts, and stakeholders have been assured of prompt updates if revisions are necessary.
More about Sanshin Electronics Co
Sanshin Electronics Co., Ltd. operates in the electronics industry and is listed on the Prime Market of the Tokyo Stock Exchange. The company focuses on providing electronic components and solutions, with a market presence in various global regions.
Average Trading Volume: 70,862
Technical Sentiment Signal: Buy
Current Market Cap: Yen9.98B
For detailed information about 8150 stock, go to TipRanks’ Stock Analysis page.