WDB Holdings Co., Ltd. announces an Equity Buyback for 100,000 shares, representing 0.5% for ¥300 million.
February 05, 2021 at 02:30 am EST
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WDB Holdings Co., Ltd. (TSE:2475) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 0.5% of its share capital, at ¥3,000 per share, for ¥300 million. The company will repurchase its shares in order to enable a flexible capital policy which responds to changes in the business environment. The share repurchase program will run until February 8, 2021. As of December 31, 2020, the company had 19,839,159 shares outstanding (excluding treasury shares) and 220,841 shares in treasury.
WDB HOLDINGS CO., LTD. is a company mainly engaged in the manpower dispatching business. The Company operates in two business segments. The Human Resource Service segment is engaged in the work of client customers mainly through temporary staffing and contracting contracts. The CRO (Contract Research Organization) business segment acts on and supports experimental work in basic research of pharmaceuticals, quasi-drugs, cosmetics and development work after clinical trial. The other business is engaged in the contracted manufacture of organic chemicals, as well as the product development and sale, and the research of the aquaculture and breeding of clams, fishes and algae, among others.
WDB HOLDINGS CO., LTD. 
