Chubu Steel Plate Co ( (JP:5461) ) has shared an update.
Chubu Steel Plate Co., Ltd. announced its decision to cancel 2,200,000 shares of its treasury stock, which constitutes 7.28% of its total issued shares prior to the cancellation. This move, resolved at the board of directors’ meeting, is scheduled for March 25, 2025, and will reduce the total number of issued shares to 28,000,000, potentially impacting the company’s stock value and shareholder equity.
More about Chubu Steel Plate Co
Chubu Steel Plate Co., Ltd. operates within the steel industry, focusing on the production and distribution of steel plates. The company is listed on the Tokyo and Nagoya Stock Exchanges, indicating a significant presence in the Japanese market.
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