Teijin Transfers Shares in Aramid Paper Joint Ventures to DuPont
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Teijin Limited has announced the transfer of its shares in DuPont Teijin Advanced Papers (Japan) Limited and DuPont Teijin Advanced Papers (Asia) Limited to DuPont de Nemours, Inc. This decision aligns with DuPont's exit from aramid operations and Teijin's strategy to streamline its business and focus on growth. The share transfer aims to enhance Teijin's competitiveness and corporate value in the long term. The current analyst rating for Teijin stock (JP:3401) is a Buy with a price target of Yen1434.00.
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