Metaplanet Shares Gain on Governance Reforms
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BTCCSquare news:
Metaplanet Inc's shares ROSE 2.5% to 853 yen after shareholders approved three key amendments at a September 1 extraordinary meeting. The resolutions enhance financial flexibility and modernize governance structures.
The first measure increases authorized shares to 2.7 billion, facilitating future capital raises. A second amendment permits virtual-only shareholder meetings, aligning with evolving corporate practices. The third establishes Class A and Class B share provisions.
Management welcomed the approvals as enabling strategic growth initiatives. Tokyo traders responded positively, pushing the stock higher in active trading.
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