Maruo Calcium Co., Ltd. announces an Equity Buyback for 80,000 shares, representing 3.52% for ¥106.88 million.
November 17, 2020 at 12:30 pm IST
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Maruo Calcium Co., Ltd. (TSE:4102) announces an share repurchase program. Under the program the company will repurchase 80,000 shares, representing 3.52% of the outstanding shares, at ¥1,336 per share for ¥106.88 million. The purpose of the program is to enhance capital efficiency and to implement a flexible capital policy in response to changes in the business environment.. As of September 30, 2020, the company had 2,275,071 shares outstanding and 80,129 shares in treasury.
Maruo Calcium Co.,Ltd. is a Japan-based company mainly engaged in the manufacture and sale of calcium carbonate and related business. The Company is engaged in the manufacture and sale of various types of calcium carbonate used in synthetic resins, paints, reinforcing fillers for rubber, and chemicals and food additives. The main products are compounded calcium carbonate and heavy calcium carbonate. The Company is also engaged in the purchase and sale of inorganic chemicals such as talc and silica.