Papyless Co., Ltd. announces an Equity Buyback for 250,000 shares, representing 2.53% for ¥500 million.
September 15, 2021 at 02:30 am EDT
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Papyless Co., Ltd. (JASDAQ:3641) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 2.53% of its issued share capital for ¥500 million. The purpose of the program is to carry out a flexible capital policy in response to changes in the business environment. The program is valid till February 10, 2022. As of September 15, 2021, the company had 9,865,186 shares issued (excluding treasury stock) and 461,694 shares in treasury.
PAPYLESS CO., LTD. is primarily engaged in providing electronic books for smart phone, tablet, personal computer (PC), mobile phone and other information terminal. Along with its subsidiaries, the Company is mainly engaged in operation of the e-book selling site named Renta! for the ROC, which is the traditional Chinese version site, as well as the development and production of next generation content.