Shikoku Chemicals Holdings announced on the 1st that it will sell 4.756 million of its own shares. Nisshinbo Holdings and Taiyo Holdings will sell their holdings. The offering price will be determined on any day from the 9th to the 14th, and an additional 713,400 shares will be sold through over-allotment. Considering the impact on supply and demand due to the share sale, the company will also conduct a share buyback of up to 1.8 million shares, equivalent to 2.1% of issued shares, and up to 4 billion yen. The purchase period will run from the business day following the delivery date of the share sale to December 31st.
Taiyo Holdings Co., Ltd.Taiyo Holdings is selling its stake in Shikoku Chemicals as part of the share offering, a capital/divestment event affecting it.
