ValueCommerce (TYO:2491) said its largest shareholder, Z Intermediate Holdings, ceased to hold that position after LY Corporation sold 6.1 million shares in the company, according to a Wednesday filing on the Tokyo Stock Exchange.
The move also ended affiliations with LY, A Holdings, SoftBank Corp, SoftBank Group Japan, and SoftBank Group. The company said the changes would have minimal impact on its financial results and that it would continue business ties with LY.
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