Aurizon Holdings Ltd. (AU:AZJ) has released an update.
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Aurizon Holdings Ltd. has announced a daily update on its ongoing on-market buy-back program, revealing that 404,105 ordinary fully paid securities were repurchased on the previous day. This buy-back initiative, which is part of the company’s strategy to optimize its capital structure, has seen a total of 46,998,259 shares bought back since its inception. Investors in Aurizon Holdings may find this activity indicative of the company’s confidence in its current market valuation.
For further insights into AU:AZJ stock, check out TipRanks’ Stock Analysis page.
