Mercari (JP:4385) has released an update.
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Mercari, Inc. has decided to repurchase and cancel up to ¥25 billion of its own zero coupon convertible bonds maturing in 2026 and 2028. The repurchase is based on the authority delegated by the company’s Board of Directors to its CFO and Senior Vice President. This financial move indicates proactive management of the company’s debt securities.
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