Toho Lead Co., Ltd. <5707> has temporarily hit the price limit down. It has announced that it will raise a total of 7.5 billion yen through a third-party allocation of new shares, with investment funds such as Advantage Partners as underwriters. Due to market volatility and high-cost mining operations, the financial condition has deteriorated, and the plan is to improve the financial base through the capital increase, as well as tackle the restructuring of unprofitable businesses, including withdrawal from resource operations and voluntary retirement. The potential dilution of voting rights is expected to be about 299.8%, which seems to be leading to negative movements.

- Headlines
- Toho Lead --- temporarily stopped at a significant loss, perceived negatively due to the potential substantial dilution from the increased allocation of new shares.
東邦鉛---一時ストップ安、割当増資による潜在的な大幅希薄化をネガティブ視
Toho Lead --- temporarily stopped at a significant loss, perceived negatively due to the potential substantial dilution from the increased allocation of new shares.
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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