TSE:9449IT
Assessing GMO Internet Group (TSE:9449) Valuation After Subsidiary Dissolution And Recent Share Price Move
Board decision on subsidiary dissolution
GMO internet group (TSE:9449) drew investor attention after its board approved a plan to dissolve GMO-Z.com Trust Company, Inc., a consolidated subsidiary, and begin liquidation in line with local regulations.
See our latest analysis for GMO internet group.
The dissolution news arrived alongside a sharp 7.5% 1 day share price return, although the stock is still down 15.15% on a year to date share price basis and the 1 year total shareholder return is...