Market Chatter: Major Investors Cut Nintendo Holdings; Buyback Planned

MT Newswires Live
03/02

Major shareholders of Nintendo (TYO:7974), including Bank of Kyoto and DeNA (TYO:2432), will sell shares worth about 285.7 billion yen in a secondary offering, Bloomberg News reported Friday.

A total of 32.7 million shares will be sold, with up to 4.9 million more available through overallotment. Sellers also include accounts linked to MUFG Bank and Resona Bank, according to the report.

Nintendo plans a buyback of as much as 100 billion yen alongside the sale. The move comes as Japanese financial institutions pare cross-shareholdings under governance pressure, the report said.

Nintendo shares gained 3% in Tokyo trading on Friday. The deal size was estimated using the prior day's closing price of 8,737 yen, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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