Daio Paper Corporation [9388.F]
TOKYO, Apr 14 (Pulse News Wire) – Daio Paper Corporation (9388.T) plans to conduct an off-market sale of shares beginning on April 21, 2026. The company intends to sell up to 69,000 shares during the period from April 21 to April 23, 2026.
The selling price will be determined based on the closing price or final bid price of the previous trading day. Each buyer will be limited to purchasing up to 2,000 shares per account, with a minimum transaction size of 100 shares. The sale will take place on the Fukuoka Securities Exchange.
The purpose of this off-market sale is to improve the distribution of the company's shares and enhance liquidity. However, due to potential market volatility, there is a possibility that the sale could be canceled or postponed. Additionally, the company received notice from its major shareholder, Nakamoto Hisatomi, indicating his intention to sell some of his holdings.
Depending on the outcome of the sale, there might be changes in the composition of major shareholders, which the company will promptly announce if such changes occur.
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