Global Food Creators Co., Ltd. announces an Equity Buyback for 200,000 shares, representing 3.49% for ¥303.8 million.
August 19, 2019 at 01:40 pm IST
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Global Food Creators Co., Ltd. (JASDAQ:7559) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 3.49% of the outstanding shares, at ¥1,519 per share for ¥303.8 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. As of June 30, 2019, the company had 5,728,806 shares outstanding and 40,234 shares in treasury.
GLOBAL FOOD CREATORS CO., LTD. is a Japan-based company mainly engaged in the commercial processed food business. The Company is engaged in the planning, manufacture and sales of processed foods used in sightseeing inns, hotels, ceremonial occasions, and other food service industries. Products include appetizers, sushi, kaiseki, Japanese confectionery, seasoning.