Kokusai Electric Corporation (JP:6525) has released an update.
Kokusai Electric Corporation has announced a resolution to repurchase up to 6 million shares of its common stock, representing 2.55% of its total issued shares, for a maximum of 18 billion yen. This buyback initiative, aimed at enhancing shareholder returns and balancing the stock’s supply and demand, follows the company’s announcement of a secondary offering of shares. The repurchase window is set between the day following the secondary offering settlement and September 20, 2024, via market purchases on the Tokyo Stock Exchange.
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