Asia
IKK Holding Completes Off-Auction Distribution of 1.4 Million Shares
IKK Holding (TYO:2198) said it completed an off-auction distribution of 1.4 million shares at 660 yen apiece as part of efforts to improve share distribution and trading liquidity, according to a Friday filing on the Tokyo Stock Exchange.The wedding business firm said that applications for the transaction conducted the same day on the Tokyo Stock Exchange were capped at 10,000 shares per investor.Following the transaction, the holding of major shareholder Katsushi Kaneko fell to 1.7 million shares, or 5.78% of voting rights, from 3.1 million shares, or 10.51% of voting rights.
TYO:2198
