Daiki Aluminium Industry Co., Ltd. announces an Equity Buyback for 1,000,000 shares, representing 2.41% for ¥600 million.
February 08, 2019 at 11:40 am IST
Daiki Aluminium Industry Co., Ltd. (TSE:5702) announces a share repurchase program. Under the program, the company will repurchase 1,000,000 shares, representing 2.41% of the outstanding shares for ¥600 million. The purpose of the program is to enable the implementation a flexible capital policy in response to changes in the business environment. The program will run until June 30, 2019. As of January 31, 2019, the company had 41,412,744 shares outstanding and 2,216,491 shares in treasury.