Mitsubishi UFJ (MUFG) has released an update.
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Mitsubishi UFJ Financial Group, Inc. (MUFG) has disclosed the progress of its stock repurchase program, revealing the buyback of 25.6 million shares for a total cost of ¥40.2 billion, executed between May 16 and May 31, 2024. The move is part of a larger buyback plan, announced by MUFG’s Board of Directors, targeting up to 80 million shares representing 0.68% of its outstanding shares, with a maximum expenditure of ¥100 billion set to conclude by the end of June 2024. This strategic initiative underscores MUFG’s commitment to enhancing shareholder value and is a significant activity for investors keeping an eye on the company’s stock performance.
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