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Japan

Furukawa Electric sells entire UACJ stake for JPY 28.3 billion, ending capital relationship

Furukawa Electric Co., Ltd. announced on September 25 that it had sold all of its shares in UACJ Corporation, representing approximately 7% of UACJ’s outstanding shares. The sale amounted to approximately JPY 28.3 billion and generated a gain on sale of investment securities of approximately JPY 21.7 billion. The com....

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