Gunma Bank (JP:8334) has released an update.
Gunma Bank, Ltd. has announced plans to enhance shareholder value by acquiring up to 7.0 million of its own shares, amounting to 1.80% of its issued shares, with a budget of 5.0 billion yen by October 18, 2024. Additionally, the bank intends to cancel 10.0 million shares on October 31, 2024, to improve capital efficiency in response to current performance and stock price considerations.
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