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Lentik shares fall after shareholder exit
Lintek Corp's shares fell to their lowest level in three months after the major shareholders announced their intention to liquidate their entire stake in the company, as Japanese companies increasingly move toward divesting non-core assets to boost capital efficiency and improve governance. Additionally, Nippon Paper Industries plans to issue 17 million shares worth up to 98 billion yen (approximately $616 million), with an option for additional allocation depending on demand. Mizuho Bank is handling the underwriting in European and Asian markets. The proceeds from these offerings aim to reallocate liquidity and achieve investment efficiencies, amid a rise in secondary equity offerings in Japan to 2.7 trillion yen this year—the highest in a decade.
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