Mitsubishi UFJ Trust and Banking Trust Trims NHK Spring Stake

MT Newswires Live

06/30

Mitsubishi UFJ Trust and Banking Corp.'s retirement benefit trust account for Daido Steel (TYO:5471) is no longer the largest major shareholder of NHK Spring (TYO:5991).

The trust sold 2.06 million shares of NHK Spring, reducing its voting rights to 9.99% from 11.00%, according to a Tokyo bourse filing on Tuesday. The June 25 sale dropped the trust below the 10% threshold that defines major shareholder status under financial regulations.

Although the trust had previously ranked second among shareholders, the top position belonged to Master Trust Bank, which is exempt from major shareholder classification.

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The June 25 sale dropped the trust below the 10% threshold that defines major shareholder status under financial regulations.</p><p>Although the trust had previously ranked second among shareholders, the top position belonged to Master Trust Bank, which is exempt from major shareholder classification.</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MUFG","symbol_name":"三菱日聯金融","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2647047531","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2647047531","pubTimestamp":1782812999,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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