9107 Kawasaki Kisen's shares 39.55 million6000 shares (5.53% of issued shares) were liquidated on 8/7

At around 11:30 a.m., it was announced that 39.55 million 6000 company shares (5.53% of the number of issued shares) will be written off on 8/7. Note that the number of issued shares after cancellation is 0.6 billion75.17 million2067 shares.

Will stock prices move? If it moves, does it go down? is it going up?