Sanyo Engineering & Construction Inc. announces an Equity Buyback for 650,000 shares, representing 3.64% for ¥521.95 million.
August 24, 2018 at 03:00 am EDT
Sanyo Engineering & Construction Inc. (TSE:1960) announces a share repurchase program. Under the program, the company will repurchase up to 650,000 shares, representing 3.64% of its share capital, at ¥803 per share for ¥521.95 million. The company will repurchase its shares in order to improve shareholder returns and capital efficiency. As of July 31, 2018, the company had 17,881,349 shares outstanding (excluding treasury shares) and 2,118,651 shares in treasury.