GRANDES, Inc. announces an Equity Buyback for 200,000 shares, representing 5.5% for ¥100 million.
June 13, 2021 at 10:30 pm EDT
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GRANDES, Inc. (TSE:3261) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 5.5% of the outstanding shares for ¥100 million. The purpose of the program is to enhance capital efficiency, improve shareholder returns and implement a flexible capital policy in response to changes in the business environment. The program will run until December 27, 2021. As of December 31, 2020, the company had 3,637,874 shares outstanding and 37 shares in treasury.
GRANDES, Inc. is a real estate company mainly engaged in the construction and sales of residential properties. The Company operates through two business segments. The Real Estate Sales segment is engaged in the planning, development and sales of residential buildings and speculative houses. The Real Estate Rental Management segment is engaged in the management, maintenance and inspection of rental condominiums and tenant buildings.
GRANDES, INC. 
