4099
▼ NegativeCapitalrelevance
Secondary offering of 4.756 million shares by existing shareholders dilutes equity and pressures the stock.
Shikoku Chemicals HD announced that it will conduct a secondary offering of 4.756 million shares by existing shareholders, as well as an over-allotment offering of up to 713,400 shares. The offering price will be determined during the period from September 9 to 14.
Secondary offering of 4.756 million shares by existing shareholders dilutes equity and pressures the stock.