Shares in Hello Kitty firm dive as investors plan to trim stakes
The Straits Times|November 28, 2024
TOKYO - Shares in the Japanese entertainment giant behind the popular Hello Kitty brand plunged on Nov 27 after major shareholders said they would reduce their stakes.
Shares in Hello Kitty firm dive as investors plan to trim stakes

A statement issued on Nov 26 by Sanrio said shareholders including major bank Mitsubishi UFJ will let go of as many as 25.9 million shares, at a price to be determined later.

The move is intended to "expand and diversify the shareholders' base", Sanrio said.

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