'Toyota Sold $2B Worth Of Cross-Held Listed Shares In FY2023/24, Filing Shows' - Reuters News
Portfolio Pulse from Benzinga Newsdesk
Toyota sold $2 billion worth of cross-held listed shares in FY2023/24, reducing its stakes in companies like ANA Holdings, Japan Airlines, and East Japan Railway to zero. The market is closely watching Toyota's cross-shareholding activities.
June 25, 2024 | 3:26 pm
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Toyota sold $2 billion worth of cross-held shares, reducing its stakes in several companies to zero. This move is significant given Toyota's influence in corporate Japan.
The sale of $2 billion worth of cross-held shares by Toyota indicates a strategic shift in its investment approach. This could positively impact Toyota's stock as it may signal a focus on core operations and improved financial health.
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