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Sumitomo Forestry Co ( (JP:1911) ) has issued an update.
Sumitomo Forestry Co., Ltd. has successfully completed an initial tender offer for LeTech Corporation, resulting in LeTech becoming a consolidated subsidiary. This acquisition, involving 7,290,465 shares valued at JPY 5,001 million, will integrate LeTech’s real estate services into Sumitomo’s operations, potentially enhancing its market position and operational capabilities in the real estate sector.
The most recent analyst rating on (JP:1911) stock is a Hold with a Yen6250.00 price target. To see the full list of analyst forecasts on Sumitomo Forestry Co stock, see the JP:1911 Stock Forecast page.
More about Sumitomo Forestry Co
Sumitomo Forestry Co., Ltd. operates in the forestry and housing industry, focusing on sustainable forest management, timber and building materials, and housing-related services. The company is listed on the Tokyo Stock Exchange and is known for its commitment to environmental sustainability and innovation in the construction sector.
Average Trading Volume: 1,353,963
Technical Sentiment Signal: Hold
Current Market Cap: Yen880.8B
For a thorough assessment of 1911 stock, go to TipRanks’ Stock Analysis page.