Chiba Bank (JP:8331) has released an update.
The Chiba Bank has announced a plan to acquire up to 12 million of its own shares, aiming to enhance shareholder returns by improving capital efficiency. The acquisition, set to take place between November 12, 2024, and January 31, 2025, will cost up to 10 billion yen and represents 1.67% of issued shares. This move is part of the bank’s strategy to strengthen its financial position and shareholder value.
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