Hello Kitty turns 50, but owner Sanrio shares dive 17pc as major shareholders plan stake sale

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TOKYO, Nov 27 — Shares in the Japanese entertainment giant behind the popular Hello Kitty brand plunged today after majo...

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.

The move is intended to “expand and diversify the shareholders’ base”, Sanrio said.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaJapan

Topics: Sanrio Stake sale Hello Kitty 50th anniversary

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-27 @ 17:13:17 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 199 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 16 words per sentence (average)

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Copyright Owner: © Malay Mail

News ID: 23904427

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