Nippon Kayaku Co (JP:4272) has released an update.
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Nippon Kayaku Co., Ltd. has announced its plan to acquire and subsequently cancel a portion of its shares to enhance capital efficiency and address potential share dilution. The company intends to purchase up to 6.5 million shares, representing 3.97% of its total shares, for a maximum of 7.0 billion yen, with the acquisition taking place in the open market between November 18, 2024, and May 30, 2025.
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