Mipox Corporation announces an Equity Buyback for 400,000 shares, representing 3.8% for ¥100 million.
May 30, 2017 at 03:36 am EDT
Mipox Corporation (JASDAQ:5381) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 3.8% of its outstanding shares for a total of ¥100 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. The program will expire on August 31, 2017. As of March 31, 2017, the company had 10,534,812 shares outstanding and 161,508 shares in treasury.