Hello Kitty owner plunges 17% on sharesale plan / Photo: © AFP
-
Thailand to return nearly 1,000 trafficked lemurs, tortoises to Madagascar
-
Namibia votes with ruling party facing its toughest race yet
-
Indian protest wrestler given four-year ban for avoiding dope test
-
UK parliament to debate assisted dying law
-
Ireland has a cultural moment, from rock and books to cinema
-
South Korean capital hit by record November snowfall: weather agency
-
Sinn Fein hope election will propel it to power in Ireland
-
Ceasefire takes hold in Israel-Hezbollah war
-
Chinese island plastic pollution turned into artistic omens
-
Anti-mine treaty signatories slam US decision to send landmines to Ukraine
-
Vietnamese EV maker Vinfast reports $550 million Q3 loss
-
Hello Kitty owner plunges 17% on sharesale plan
-
Giannis-less Bucks edge Heat, Rockets advance in NBA Cup
-
Environmentalists slam lobbyist influence on plastic talks
-
Global security hotspots awaiting Trump in 2025
-
Eddie Jones tells Japan to keep faith after heavy defeats
-
Five forgotten conflicts of 2024
-
Adani Group says it lost nearly $55 bn as US charges sparked rout
-
Bumper election year brings headwinds for liberal democracies
-
New Zealand pace bowler Smith to make debut in first England Test
-
Australia remembers cricketer Phillip Hughes 10 years after death
-
Protesters for jailed ex-PM Khan cleared from Pakistan capital's centre
-
'Very, very slow': plastic treaty talks grind forward
-
Australian cop guilty of manslaughter after tasering 95-year-old
-
Trump names trade envoy, top economic advisor to fill policy team
-
China expected to hit peak coal consumption in 2025: report
-
What to expect from the new EU top team's first 100 days
-
New EU commission to get all clear as daunting task awaits
-
German family winery taps into zero-alcohol trend
-
World leaders react to Lebanon war ceasefire
-
Paddington: the affable bear who became a lucrative business
-
Hand-built fantasy tower brings value to Tokyo, creator says
-
Asian markets mixed as traders eye fresh trade tensions
-
Ceasefire begins in Israel-Hezbollah war
-
Banned Ryan Garcia eyes New Year's Eve exhibition in Japan
-
In US, a guitar trademark feud gets political
-
China investigates defence minister for corruption: report
-
'American Railroad' musical project showcases untold immigrant stories
-
Future of deep-sea mining stands at a crucial juncture
-
Australia marks 10 years since death of cricketer Phillip Hughes
-
Russia accuses UK diplomat of spying in fresh diplomatic spat
-
Teen who lied about beheaded French teacher's class says 'sorry'
-
Drake takes Kendrick Lamar rap feud to US courts
-
Bolivia announces $1 bn deal with China to build lithium plants
-
NFL-best Chiefs and Lions face short-rest US holiday test
-
Alleged smuggler had meth-soaked cow onesie in suitcase: US officials
-
Man City blow three-goal lead in Champions League, Bayern beat PSG
-
Arsenal deliver Champions League statement of intent: Arteta
-
Flick hails 'unbelievable' Lewandowski after 100th Champions League strike
-
Man City not 'stable', says Guardiola after Feyenoord collapse
NYSE - LSE
| RIO | -1.53% | 62.03 | $ | |
| BTI | 1.01% | 37.71 | $ | |
| CMSC | -0.65% | 24.57 | $ | |
| SCS | -1.33% | 13.54 | $ | |
| NGG | -0.68% | 62.83 | $ | |
| BP | -1.24% | 28.96 | $ | |
| CMSD | -0.61% | 24.43 | $ | |
| RBGPF | 100% | 60.1 | $ | |
| BCC | -2.76% | 148.41 | $ | |
| BCE | -1.46% | 26.63 | $ | |
| GSK | -0.38% | 34.02 | $ | |
| RYCEF | -0.29% | 6.78 | $ | |
| RELX | 0.51% | 46.81 | $ | |
| VOD | -0.56% | 8.86 | $ | |
| JRI | -0.98% | 13.24 | $ | |
| AZN | -0.06% | 66.36 | $ |
Hello Kitty owner plunges 17% on sharesale plan
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 dived as much as 17 percent on Wednesday morning before paring the losses to around 14.6 percent.
The mastermind behind Hello Kitty had seen its value more than double this year, driven in part by strong profits linked to the feline-like character whose cute, enigmatic face has adored fans worldwide for decades.
Since CEO Tomokuni Tsuji took over from his grandfather in 2020, its share price has soared more than seven-fold, pushing its market capitalisation to more than one trillion yen ($6.8 billion).
Even as Hello Kitty turned 50 this year, the cultural phenomenon shows no sign of slowing, with a Warner Bros movie in the pipeline and a new theme park due to open next year on China's Hainan island.
O.Krause--BTB
