GMO Financial Holdings, Inc. announces an Equity Buyback for 4,800,100 shares, representing 4.07% for ¥2,688.06 million.
September 15, 2020 at 12:01 pm IST
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GMO Financial Holdings, Inc. (JASDAQ:7177) announces a share repurchase program. Under the program, the company will repurchase 4,800,100 shares, representing 4.07% of its share capital, for ¥2,688.06 million. The program will run until November 30, 2020. As of August 31, 2020, the company had 117,909,153 shares outstanding (excluding treasury shares) and 0 shares in treasury.
GMO Financial Holdings Inc is a Japan-based company mainly engaged in the securities and foreign exchange margin trading (FX) and cryptocurrency businesses. The Company operates through two business segments. The securities and FX segment is engaged in the provision of financial product trading services such as Internet securities trading and FX trading. The Virtual Currency segment is engaged in the provision of virtual currency related transaction services such as buying and selling of virtual currency and margin trading. The Company is also engaged in the system related business.