Daiwa Office Investment Corporation (JP:8976) has released an update.
Daiwa Office Investment Corporation has decided to enhance shareholder value through the procurement and subsequent cancellation of up to 14,000 of its own investment units, amounting to a maximum of 3 billion yen, between July and November 2024. The move is aimed at improving capital efficiency and returning profits to shareholders, considering factors like unit price, cash reserves, and market conditions. The acquisition will be conducted on the Tokyo Stock Exchange and the units will be cancelled in the 38th Fiscal Period ending November 2024.
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