Maruo Calcium Co., Ltd. announces an Equity Buyback for 50,000 shares, representing 2.22% for ¥85 million.
November 08, 2017 at 02:15 am EST
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Maruo Calcium Co., Ltd. (TSE:4102) announces a share repurchase program. Under the program, the company will repurchase 50,000 shares, representing 2.22% of the outstanding shares for ¥85 million. The purpose of the program is to enhance capital efficiency and to implement a flexible capital policy in response to changes in the business environment. As of September 30, 2017, the company had 2,252,092 shares outstanding and 89,908 shares in treasury.
Maruo Calcium Co.,Ltd. is a Japan-based company mainly engaged in the manufacture and sale of calcium carbonate and related business. The Company is engaged in the manufacture and sale of various types of calcium carbonate used in synthetic resins, paints, reinforcing fillers for rubber, and chemicals and food additives. The main products are compounded calcium carbonate and heavy calcium carbonate. The Company is also engaged in the purchase and sale of inorganic chemicals such as talc and silica.