Kuraray outlines strategies to expand shareholder's base
05 Jul '07
1 min read
Kuraray aims to expand its shareholder's base, while increasing the liquidity and distribution of its shares. In light of this, the Company views the reduction of the minimum trading unit as a means to achieve these goals.
Based on this perspective, Kuraray resolved to reduce the minimum number of shares per trading unit from 1,000 to 500 on April 1, 2004.
The Company will carefully consider the level of its stock price, number of shareholders, and liquidity trends to comprehensively assess and continue to review the expected effect from the reduction of trading unit.
Kuraray was founded in 1926 for the purpose of commercializing synthetic rayon, which was cutting edge technology at the time.
In 1950 during the post-World War II period, as Japan first domestic producer of synthetic fiber based on original Japanese technologies, Kuraray became a world leader in the commercialization of PVOH (poval) fiber under the KURALON brand, ushering in Japan pioneering era in the chemical synthetic fiber industry.
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