Tokyo bourse to keep most firms on new 'prime' market

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 66%

United States News News

United States United States Latest News,United States United States Headlines

TOKYO :Nearly 85per cent of the companies listed on the top section of the Tokyo Stock Exchange will be permitted on its new 'prime' market in an April rebranding, the bourse said on Tuesday, potentially diluting its goal of creating a more prestigious main board. In Japan's biggest overhaul of its equity mar

TOKYO :Nearly 85per cent of the companies listed on the top section of the Tokyo Stock Exchange will be permitted on its new"prime" market in an April rebranding, the bourse said on Tuesday, potentially diluting its goal of creating a more prestigious main board.

Of 2,185 firms now listed on the main exchange, 1,841 have chosen the prime market, but 296 firms have not met the criteria, said the TSE, which is owned by Japan Exchange Group Inc.. Stricter rules for liquidity - market capitalisation in tradable shares of at least 10 billion yen with a tradable share ratio of 35per cent or more - are especially tough for small cap firms or those largely owned by parent companies or business partners.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Japan's prime market to be joined by 1,841 firms, TSE says(Refiles to add slug keyword used by media subscribers, RIC)TOKYO : Japan's prime market will be joined by 1,841 firms, or 84per cent of the companies listed on the country's top market, after April, when new trading categories are to be created, the Tokyo Stock Exchange said on Tuesday. In Japa
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Online trading firm Plus500 expects annual profit to top market viewPlus500 said on Monday (Jan 10) it expects its annual profit to exceed market expectations even as the online trading platform reported a slower fourth-quarter growth as compared with the previous quarter on weak customer trading performance. Trading platforms have benefited ever since the pandemic took ho
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »