Gecoss Corporation Corrects Notice on FUCHI Acquisition
Gecoss Corporation has corrected its previous notice regarding the acquisition of FUCHI Pte. Ltd., confirming the purchase of 5,333,333 shares, which grants it a 70% voting rights ratio. This acquisition will facilitate FUCHI's conversion into a consolidated subsidiary, enhancing Gecoss's operational capabilities in the construction sector. Gecoss operates in the construction industry, focusing on materials and services, with a significant market presence in Japan and internationally.
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Gecoss Corporation ( (JP:9991) ) has shared an update.
Gecoss Corporation announced a correction to its previous notice regarding the conversion of FUCHI Pte. Ltd. into a consolidated subsidiary. The company confirmed its acquisition of 5,333,333 shares in FUCHI, resulting in a 70% voting rights ratio, which will facilitate the conversion of FUCHI into a consolidated subsidiary. This move is expected to strengthen Gecoss’s operational capabilities and expand its influence in the construction sector.
More about Gecoss Corporation
Gecoss Corporation operates in the construction industry, focusing on providing construction materials and services. The company is known for its involvement in infrastructure projects and has a market presence in Japan and internationally.
Average Trading Volume: 49,618
Technical Sentiment Signal: Buy
Current Market Cap: Yen42.57B
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