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Stock News Premium = Tsugami, views the sharp increase in the Market Cap of its Chinese subsidiary.
The machinery company TSUGAMI <6101.T> is gaining attention due to the expanding Market Cap of its subsidiary in China. Currently, it has ballooned to about twice that of the parent company, sparking speculation in the market. <Twice that of the parent company, acquisition value increases> As of the end of the previous March period, the company held 71.5% of the stocks of TSUGAMI CHINA, which is listed on HKEX. The stock price of TSUGAMI CHINA has significantly risen, fueled by strong orders and expectations for government economic stimulus measures, reaching 28.7 as of the end of last week.
Stocks that moved and those that were traded in the front market.
*Tenma <7958> 3115 - MBO implemented, with the TOB price adjusted to 3580 yen. *Mitsubishi Heavy Industries <7011> 2837 +281, European defense-related stocks rising, domestic related stocks also increasing. *Daiichi Hokuetsu FG <7327> 3245 +240, reports of management integration with Gunma Bank have surfaced. *Kioxia HD <285A> 3180 +220, recent IPO stock updating its high, with strong supply and demand appeal. *JACCS <8584> 4100 +260, Mitsubishi UFJ Bank.
The Nikkei average rose by 263 points, recovering to close above 30,000 yen for the first time in four days on the afternoon of the 14th.
On the 14th, the Nikkei average in the afternoon session rebounded to 37,053.10 yen, up 263.07 yen from the previous day, recovering above 37,000 yen for the first time in four days on a closing basis. The TOPIX (Tokyo Stock Price Index) rose 17.49 points to 2,715.85 points, marking three consecutive days of gains. In the US stock market on the 13th, the NY Dow fell for four days straight, while the Nasdaq Composite Index experienced a pullback. Following the decline in US stocks, selling in Japanese stocks was initially prominent. However, after the selling subsided, Futures for US stock indices rose during Extended hours trading.
TSUGAMI CHINA has granted a total of 2.442 million shares as part of the share reward plan.
TSUGAMI CHINA (01651) announced that on March 7, 2025, the Board of Directors, based on the recommendations of the company's compensation committee, decided to grant a total of 2.442 million shares as reward shares at zero cost to 58 recipients under the share award plan. These shares are existing shares held by the trustee purchased from the secondary market using internal resources provided by the company, pending acceptance by the recipients. From September 11, 2024, to December 20, 2024, the trustee purchased a total of 2.562 million shares in the market using funds provided by the company.
List of conversion stocks (part 3) [Parabolic Cigna Corp conversion stocks list]
○ List of stocks that have shifted to Sell market Code Stock Name Closing Price SAR Main Board <2590> DyDo 2737 3055 <2594> Key Coffee 20622081 <2760> TOYO Electronics 31303305 <2931> Euglena 476541 <3561> Source of Strength HD 13901426 <4343> AEON Fan 27653115 <4449> Gifty 14141616 <46
Tsugami Corp. Unveils Strategic Growth Plans in Key Markets