TYO:9409

2 stories mentioning TYO:9409Updated 9d ago

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SBI Securities Downgrades TV Asahi Holdings to Neutral from Buy; Price Target is 3,650 Yen

TV Asahi Foreign Ownership Nears 20%

TV Asahi Holdings (TYO:9409) said foreign shareholders held 19.99% of voting rights as of March 31, just below the 20% threshold under Japan's Broadcasting Act, according to a Thursday filing on the Tokyo Stock Exchange.The company said it is required to disclose the figure as it exceeds 15%, with certification as a broadcasting holding company subject to revocation if foreign ownership reaches or surpasses 20%.

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