OPT Holding, Inc. announces an Equity Buyback for 750,000 shares, representing 3.28% for ¥1,000 million.
February 11, 2020 at 07:30 pm EST
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OPT Holding, Inc. (TSE:2389) announces a share repurchase program. Under the program, the company will repurchase 750,000 shares, representing 3.28% of its share capital, for ¥1,000 million. The company will repurchase its shares in order to improve returns to shareholders by improving capital efficiency and implementing flexible capital policies. The program will run until June 23, 2020. As of December 31, 2019, the company had 22,899,995 shares outstanding (excluding treasury shares) and 917,705 shares in treasury.
Digital Holdings Inc, formerly OPT Holding Inc is a Japan-based company principally engaged in the Internet advertising business. The Company operates in two business segments. The Marketing segment provides Internet advertising for large companies, digital marketing, related services, and digital marketing solutions for local small and medium enterprises. The Synergy Investment segment is involved in the investment in Internet-related venture companies, the information collecting in the United States, the development of artificial intelligence (AI) and AI platforms, the provision of digital shift support education services for companies, and the general trade operated in China.
DIGITAL HOLDINGS, INC. 
