FreakOut Holdings,inc. [6094.T]
TOKYO, Jun 08 (Pulse News Wire) – Freakout Holdings,inc. (6094.T) received notice from its major shareholder and capital business partner, Itochu Corporation, indicating plans to sell part of its holdings through an off-market trading mechanism called "outside-the-auction trade," facilitated by SBI Securities.
This partial sale is part of Itochu's investment policy adjustments and follows extensive discussions between the two companies. FreakOut Holdings confirmed that the transaction will not affect the fundamental partnership established in December 2018. The chosen method of selling shares outside regular market transactions aims to minimize impact on the stock price, reflecting consideration for the company and its shareholders. Additionally, the move could enhance market liquidity for FreakOut Holdings' shares.
Following the sale, Itochu Corporation remains committed to maintaining its position as a significant stakeholder in FreakOut Holdings. Both companies intend to continue their robust partnership aimed at long-term enterprise value enhancement. The company stated that there would be no immediate impact on its consolidated operating results for the current fiscal period. Any further developments requiring disclosure will be communicated promptly.
Investors should note that this release does not recommend buying or selling shares but provides transparent information on the background, company stance, and unchanged business strategy.
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