Toho Titanium Shares Jump as JX Metals Mulls Unwinding
Toho Titanium Co. shares surged after parent JX Advanced Metals Corp. said it's considering ways to unwind the listing of the titanium unit as Japan's complex system of subsidiaries comes under scrutiny.
JX will take full control of Toho if synergies between the two companies increase, President Yoichi Hayashi said in an interview with Bloomberg News on Wednesday. Shares of Toho jumped as much as 19%, the most since May 2022, while JX shares extended gains after the report.
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