Stanley Electric Co (JP:6923) has released an update.
Stanley Electric Co., Ltd. has announced that its Board of Directors has decided to purchase up to 13 million shares of its common stock to enhance shareholder returns and capital efficiency, with a purchase period from August 13, 2024, to March 31, 2025. Additionally, the company plans to retire 3.7 million shares of its common stock on August 9, 2024, to further optimize its capital structure.
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