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Taiyo to Dispose of All 1.49 Million Shares in Shikoku Kasei Secondary Offering

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Taiyo (TYO:4626) has resolved to participate as a seller in the secondary offering of Shikoku Kasei (TYO:4099), disposing of its entire 1.49 million-share holding.

The sale price to underwriters will be determined between Sept. 9 and 14, following the pricing methodology disclosed by Shikoku Kasei, according to a Tokyo bourse filing on Tuesday.

Taiyo expects to book an extraordinary gain on the sale of investment securities in its second quarter of fiscal year ending March 31, 2027 but did not specify the amount.

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