Kansai Electric Shares Lead Drop in Sector on Planned Stock Sale [Yahoo! Finance]
KANSAI ELEC PWR UNSP/ADR (KAEPY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
Most Read from Bloomberg Under Trump, Prepare for New US Transportation Priorities Zimbabwe City of 700,000 at Risk of Running Dry by Year-End Saudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency Sace The Urban-Rural Divide Over Highway Expansion and Emissions Arizona Elections Signal Robust Immigration Enforcement Under Trump Kansai Electric shares are down 18%, headed for their biggest drop since 1974, when Bloomberg data is available. A gauge of power companies had the biggest decline in the Topix Index amid worries they may follow suit, losing more than 5% while the broader measure gained. “It may be that other power companies will also start to move towards public stock offerings, and this may be connected to the idea of a price fall,” said Kazuhiro Sasaki, head of research at Phillip Securities Japan Ltd. Kansai Electric will sell about 148.3 million new shares as well as 45.7 million treasury shares to the public, according to a filing to J
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News
- Kansai Electric Falls Most in Over 50 Years on Share Sale Plan [Yahoo! Finance Canada]Yahoo! Finance Canada
- Japan Power Market Outlook to 2035, Featuring JERA, The Kansai Electric Power Co, Electric Power Development Co and Kyushu Electric Power Co [Yahoo! Finance]Yahoo! Finance
- Japanese Utility to Shut Nuclear Reactor After Hole Discovered [BNN Bloomberg (Canada)]BNN Bloomberg