The restructuring by
The current four trading sections will be reorganized into three -- "Prime," "Standard" and "Growth."
"The goal (of restructuring) is not to whittle down the number of firms in the highest section,"
"It is aimed at clarifying the theme of each trading tier and encouraging steady growth of respective businesses," he added.
The top-tier Prime section, equivalent to the current First Section, will have greater focus on liquidity with an eye to attracting a variety of institutional investors.
The Standard section will be created through the merger of the Second Section and the Jasdaq market mainly for midsize companies, while the Mothers market for up-and-coming companies will be renamed the Growth section.
A total of 1,477 firms will be included in the Standard tier, while the Growth section will have 459 firms, according to the final list unveiled by the bourse operator.
Although JPX hopes the reshuffle will boost the
==Kyodo
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