ENEOS Holdings Cuts JX Metals Stake to 35.28% After Tender Offer
A pro-rated buyback into JX Metals' own tender offer trimmed ENEOS Holdings' stake from 42.38% to 35.28%, a shift worth roughly ¥194.8bn according to the filing's own disclosure.
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ENEOS Holdings,Inc.
Latest Tokyo Brief coverage on ENEOS Holdings,Inc., tracking filings, financial news, and market signals from Japan.
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ENEOS profit rebounds as revenue slips, equity strengthens
Revenue slipped to ¥11.77tn, but operating profit recovered to ¥466.6bn and parent profit rose to ¥258.7bn, while equity attributable to owners reached ¥3.37tn. Lower top line, stronger profit and equity: not elegant, but effective.
ENEOS trims JX Metals stake to 35.28% in ¥194.8bn self-tender sale
ENEOS said 57,274,900 JX Metals shares will be sold into the self-tender at ¥3,401 each, for gross proceeds of ¥194.8bn. Its stake falls to 35.28% from 42.38%, though the company notes the before-and-after percentages use different share-count bases.