AEON REIT Investment Corp. (JP:3292) has released an update.
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AEON REIT Investment Corporation has announced a buyback program, with the intention to purchase up to 24,000 of its own investment units by the end of 2024, leveraging current low unit prices to enhance shareholder value. The buyback, involving a maximum expenditure of 3 billion yen, will be conducted via market purchases on the Tokyo Stock Exchange. All acquired units will be cancelled before the fiscal period ending January 2025 to positively impact unitholder value over the medium to long term.
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