Tranche Update on Rheon Automatic Machinery Co., Ltd.'s Equity Buyback Plan announced on February 22, 2016.
February 23, 2016 at 07:07 am IST
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From February 22, 2016 to February 23, 2016, the company has repurchased 1,000,000 shares, representing 3.96% for ¥605 million. With this, the company has completed the repurchase of 1,000,000 shares, representing 3.96% for ¥605 million under the buyback announced on February 22, 2016.
RHEON AUTOMATIC MACHINERY CO.,LTD. is a Japan-based company mainly engaged in the development, manufacture and sale of automatic food processing machines, and manufacture and sale of food products. It operates through two business segments. Food Processing Machinery Manufacturing and Sales business operates in Japan, North and South America, Europe and Asia, and is engaged in development, manufacture and sale of food molding machines and bread making lines. It also provides equipment and parts repair, options and technical guidance service. It provides ovens, mixers and packaging machines purchased from other companies. Food Manufacturing and Sales business operates in North and South America and Japan. It manufactures and sells high-processing frozen foods such as croissants, danish pastries, pies, cookies and frozen roll-in dough, and natural yeast bread. Food processing machines include universal automatic packaging machines, Martians, flex in clusters, EZ dividers and others.