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Kokusai Electric Shares Fall as KKR Exits 10.6% Stake

Kokusai Electric Corp. shares declined after KKR & Co. announced plans to divest its entire 10.6% stake in the Japanese chipmaking equipment manufacturer. The investment firm has not disclosed the timing or method for the divestment. Kokusai Electric supplies equipment to semiconductor manufacturers globally. The move reflects broader portfolio reassessments by major institutional holders across the sector.