Tokyo, Nov 27, 2024 (AFP) - Hello Kitty owner plunges 17% on sharesale plan

NAMPA / AFP

2024-11-27

Shares in the Japanese entertainment giant behind the popular Hello Kitty brand plunged on Wednesday after major shareholders said they would reduce their stakes. A statement issued Tuesday by Sanrio said shareholders including major bank Mitsubishi UFJ will let go of as many as 25.9 million shares, sold at a price to be determined later. The move is intended to "expand and diversify the shareholders' base", Sanrio said. Shares in the firm dive......

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