Hello Kitty owner plunges 17% on sharesale plan …C0NTINUE READING HERE >>>
Hello Kitty remains a global phenomenon, with a Warner Bros movie in the pipeline and a theme park due to open next year in China.
Photo: Frederic J. BROWN / AFP
Source: AFP
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…
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