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UT Group Sells Stake in Vietnamese Subsidiary to Refocus on Japanese Market

Story Highlights
  • UT Group sells its shares in Green Speed Joint Stock Company to refocus on Japan.
  • The sale aligns with UT Group’s strategy to support foreign workers in Japan’s manufacturing sector.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

UT Group Co.,Ltd. ( (JP:2146) ) just unveiled an announcement.

UT Group Co., Ltd. has decided to sell its shares in Green Speed Joint Stock Company, a subsidiary engaged in worker dispatch business in Vietnam, to Mr. Le Van Hoang. This decision comes as the business environment has changed significantly due to the COVID pandemic and new employment systems, leading UT Group to focus more on supporting foreign workers in Japan’s manufacturing industry, thereby enhancing its corporate value.

More about UT Group Co.,Ltd.

UT Group Co., Ltd. operates in the human resource services industry, focusing on providing employment solutions and support for foreign technical intern trainees in Japan. The company is involved in administration services and consulting for these trainees, particularly in the manufacturing sector, where there is a growing labor shortage.

YTD Price Performance: 1.56%

Average Trading Volume: 241,355

Technical Sentiment Consensus Rating: Buy

Current Market Cap: Yen88.24B

See more data about 2146 stock on TipRanks’ Stock Analysis page.

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