Chugoku Electric Plans to Sell 6,300,000 Chudenko Shares in Buyback Offer
Bitget2026/10/30 09:42- Chugoku Electric Power plans to tender 6,300,000 CHUDENKO common shares in CHUDENKO's buyback offer at 4,614 yen per share.
- Expected proceeds total 29.07 billion yen; the group's ownership would decline from 41.34% to 33.42%.
- The offer runs from November 2 to December 1, 2026, with settlement starting December 23, 2026.
- Selling all tendered shares would generate approximately 5 billion yen in consolidated extraordinary income for the fiscal year ending March 31, 2027.
- Non-consolidated extraordinary income would reach approximately 28 billion yen; the disposal aims to improve capital efficiency.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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