Bringing you live news and features since 2006 

Niko AM cancels secondary offering of shares

RELATED TOPICS​

Nikko Asset Management announces that in consideration of recent market conditions and other factors, the company has, following a resolution adopted at the meeting of the Board of Directors of the Company held on 2 December, 2011, determined to cancel the anticipated secondary offering of shares of its common stock and to suspend the related listing process of its shares on the Tokyo Stock Exchange, as previously resolved at the meeting of the Board of Directors held on 16 November, 2011.

The company remains committed to the belief that, as a publicly listed asset management company, it can contribute to the development of the Asian asset management industry and help millions of Asian investors grow their wealth. However, as there is no need for the company to raise cash through an immediate listing, the company has decided that it is appropriate to suspend the listing during this time of market volatility. As such, the Company will seek to resume its listing plans when market conditions are more stable.

 

Latest News

ACA Group (ACA) has announced its intent to acquire the broker-dealer distribution business from UMB Fund Services, a subsidiary of..
21.co, the parent company of 21Shares has announced the launch of 21.co Wrapped Bitcoin (21BTC) on the Solana blockchain. 21BTC..
CoinShares writes that digital asset investment products saw inflows for the third consecutive week totalling USD1.05 billion, with cumulative flows..
The New York Stock Exchange, part of Intercontinental Exchange, Inc, has announced it is collaborating with CoinDesk Indices to launch..

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by