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Nissin Foods Holdings Co ( (JP:2897) ) has shared an announcement.
Nissin Foods Holdings has completed the acquisition of its own shares, purchasing 2,440,700 shares at a total cost of 8.75 billion yen through the Tokyo Stock Exchange. This strategic move, authorized by the Board of Directors, aligns with the company’s efforts to optimize its capital structure and potentially enhance shareholder value.
More about Nissin Foods Holdings Co
Nissin Foods Holdings Co., Ltd. operates in the food industry, primarily known for its production and sale of instant noodles and related food products. The company focuses on the global market, leveraging its established brand presence, particularly in Asia and expanding into other regions.
YTD Price Performance: -3.30%
Average Trading Volume: 372
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $6.84B
See more insights into 2897 stock on TipRanks’ Stock Analysis page.
