Tranche Update on Star Mica Holdings Co., Ltd.'s Equity Buyback Plan announced on July 21, 2021.
August 18, 2021 at 02:30 am EDT
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From July 21, 2021 to August 18, 2021, the company has repurchased 237,500 shares, representing 1.29% for ¥299.92 million. With this, the company has completed the repurchase of 237,500 shares, representing 1.29% for ¥299.92 million under the buyback announced on July 21, 2021.
Star Mica Holdings Co., Ltd. is a Japan-based company mainly engaged in renovation apartment business, investment business and advisory business. The renovation apartment business is engaged in purchase of family type apartments mainly from the metropolitan area and lease to tenants as portfolio. After the tenants leave, the Company will renovate to increase asset value, and then sold as residences to end users through house agents. The investment business conducts investments activities including leasing and sale of real estate mainly in the metropolitan area and investment development business centering on securities. The advisory business is engaged in real estate brokerage, rental brokerage, rental management, building management, operation of monthly apartments, etc. and fee operation of renovation apartment business and investment business.