Azbil Corporation (JP:6845) has released an update.
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Azbil Corporation is set to dispose of 3.5 million treasury shares through a third-party allocation to support its Employee Stock Ownership Plan, valued at 4.256 billion yen. The shares will be acquired by Trust E at the Custody Bank of Japan, ensuring future stock grants while maintaining minimal impact on the stock market. The disposal price has been carefully calculated to reflect a fair market value.
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