Reuters logo
2 months ago
BRIEF- Daiken Medical announces private placement of treasury stock and share repurchase
May 15, 2017 / 6:54 AM / 2 months ago

BRIEF- Daiken Medical announces private placement of treasury stock and share repurchase

1 Min Read

May 15(Reuters) - Daiken Medical Co Ltd

* Says it will distribute 1 million shares of its treasury common stock at 1 yen per share through private placement to its foundation which will be established in July and its public utility foundation

* To raise 1 million yen in total through private placement and proceeds will be used to set up new foundation

* Says it will repurchase up to 1 million shares, representing 3.3 percent of outstanding

* Says share repurchase price up to 900 million yen in total, from June to March 31, 2018

Source text in Japanese:goo.gl/6GzNxq

Further company coverage: (Beijing Headline News)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below