AXXZIA, Inc. (JP:4936) has released an update.
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AXXZIA Inc. has announced its decision to acquire and subsequently cancel 1.2 million of its own shares, worth up to 840 million yen, as a strategic move to optimize shareholder returns and enhance capital efficiency. This transaction, set to occur between December 16 and December 26, 2024, aims to address market supply and demand concerns following an institutional investor’s agreement to sell its shares. The cancellation of these shares is scheduled for January 10, 2025.
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