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

Final Fantasy XIV Patch 4.1
Sunday, October 15 • 10am PDT/1pm EDT

Final Fantasy XII: The Zodiac Age
Mondays • 6pm PDT/9pm EDT

Vandal Hearts
Tuesdays • 12pm PDT/3pm EDT

Xenogears
Tues-Wed-Thu and Saturdays • 7pm PDT/10pm EDT

Featured Content
Retro Encounter 105
Retro Encounter 105
Podcast
Fragments of Him Review
Fragments of Him
Review
South Park: The Fractured but Whole Review
South Park: The Fractured but Whole
Review
Etrian Odyssey V: Beyond the Myth Review
Etrian Odyssey V: Beyond the Myth
Review
Pillars of Eternity: Complete Edition Review
Pillars of Eternity: Complete Edition
Review
Random Encounter 134
Random Encounter 134
Podcast