Fintech Global Incorporated (JP:8789) has released an update.
FinTech Global Incorporated is set to repurchase up to 2 million of its own shares, aiming to enhance shareholder value and capital efficiency, including ROE, amid management’s belief that the company’s stock is undervalued. The repurchase, involving a maximum of 1.01% of its outstanding shares, will occur between August 13 and October 31, 2024, with a total expenditure cap of 150 billion yen.
For further insights into JP:8789 stock, check out TipRanks’ Stock Analysis page.