RPGFan


Square Stocks on the Move to Europe

Square's number 1 stockholder Masashi Miyamoto, who currently holds 39.95% of the company's shares, has decided to sell five million of his 23.68 million shares to overseas investors, in particular from Europe. Nikko Salomon Smith Barney has taken over the stocks and will begin selling them as early as this week. The price for one share has yet to be fixed. While Square's public relations department didn't go into details, the company said the move was aimed to improve the flow of Square stocks.

Even after the sale, Miyamoto holds a 31% stake in Square, compared to Sony Computer Entertainment's 19.4% stake in the company.

After Square's announcement earlier this year to develop games for Nintendo's GameCube and GameBoy Advance, Square shares in Tokyo rose by almost 90% compared to its lows in September and December 2001 by topping the 2900 ($24.16USD) yen mark in early May. Since then, however, the share price has been declining again. Despite today's news, Square stocks fell by 3.90%, closing Monday's trading session at the Tokyo Stock Exchange at 2,095 yen ($17.46USD).


Back
Updated:
07.08.02 - 5:10 PM
Chris Winkler





Coming Up on Twitch

Star Ocean: Till the End of Time
Oct. 2 • 10am PDT/1pm EDT

Skies of Arcadia Continues!
Every Monday • 5pm PDT/8pm EDT

Star Wars: KotOR Continues!
Every Tuesday • 10am PDT/1pm EDT

Deus Ex: Mankind Divided Continues!
Every Thursday • 5pm PDT/8pm EDT

Final Fantasy Tactics Continues!
Every Saturday • 4pm PDT/7pm EDT

Featured Content
Retro Encounter 18: Valkyria Chronicles - Final Thoughts
Retro Encounter 18: Valkyria Chronicles - Final Thoughts
Podcast Feature
Coven and Labyrinth of Refrain OST Review
Coven and Labyrinth of Refrain
Review
Final Fantasy XIV: Patch 3.4 Media Update
Final Fantasy XIV: Patch 3.4
Media Update
Shin Megami Tensei IV: Apocalypse Review
Shin Megami Tensei IV: Apocalypse
Review
Random Encounter 116: Demon Quest
Random Encounter 116: Demon Quest
Podcast
PAX West 2016 - A Chat With Suda51
A Chat With Suda51
PAX West 2016
RSS Feeds & More
Complete Feed
Reviews Feed
Media Feed
Random Encounter
Rhythm Encounter
Retro Encounter