Bayer delists from Tokyo exchange
Leverkusen, Germany-headquartered Bayer AG has decided to apply to delist the company from the Tokyo, Japan, Stock Exchange.
Bayer's chief financial officer Klaus Kuhn explained that the decision was due to the low turnover of the company's stock on the TSE, which made the listing unnecessary. "Thanks to globalization, today's investors are no longer dependent on shares being traded on several continents. Instead, they generally prefer the stock exchanges with the highest trading volume in the shares," said Mr Kuhn.
Bayer stock has been listed on the Japanese market since 1988.
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