CHYCF - M&A Updates: Chiyoda Reassignment To TSE2 Might Provide An Interesting Short Opportunity
Chiyoda (CHYCF) reassignment
Chiyoda (6366 JP), a global (based in Japan) engineering company, which specializes in oil and gas midstream for LNG and gas processing, has announced a reassignment to another sector of Tokyo Stock exchange. This might present an interesting short opportunity (and later long) as a very similar situation has already happened with Sharp (SHCAY) in 2016 and Toshiba (TOSBF) in 2017. So, Tokyo Stock Exchange has several sections:
1st section (TSE1) is the best place you can get listed in Japan for “the companies that represent and lead the Japanese