Oriental Chain Mfg. Co., Ltd. announces an Equity Buyback for 75,000 shares, representing 5.13% for ¥75 million.
December 20, 2019 at 01:30 am EST
Oriental Chain Mfg. Co., Ltd. (TSE:6380) announces a share repurchase program. Under the program, the company will repurchase 75,000 shares, representing 5.13% of the outstanding shares for ¥75 million. The purpose of the program is to improve capital efficiency and shareholder profits. The program will run until June 30, 2020. As of September 30, 2019, the company had 1,461,639 shares outstanding and 5,594 shares in treasury.