Axas Holdings Co., Ltd. announces an Equity Buyback for 1,950,000 shares, representing 6.04% for ¥234 million.
February 15, 2018 at 01:00 pm IST
Axas Holdings Co., Ltd. (JASDAQ:3536) announces a share repurchase program. Under the program, the company will repurchase 1,950,000 shares, representing 6.04% of the outstanding shares for ¥234 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. As of August 31, 2017, the company had 32,258,453 shares outstanding and 0 shares in treasury.