Sanyo Engineering & Construction Inc. announces an Equity Buyback for 250,000 shares, representing 1.51% for ¥168.75 million.
September 24, 2021 at 03:00 am EDT
Sanyo Engineering & Construction Inc. (TSE:1960) announces a share repurchase program. Under the program, the company will repurchase 250,000 shares, representing 1.51% of its share capital, at ¥675 per share for ¥168.75 million. The company will repurchase its shares in order to enhance shareholder returns and improve capital efficiency. As of August 31, 2021, the company had 16,577,304 shares outstanding (excluding treasury shares) and 422,696 shares in treasury.