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Hosiden Announces Disposal of Treasury Stock for Director Compensation

Story Highlights
  • Hosiden operates in the electronics industry, producing electronic components.
  • The company is disposing of treasury stock to incentivize directors and align their interests with shareholders.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Hosiden Announces Disposal of Treasury Stock for Director Compensation

Elevate Your Investing Strategy:

Hosiden ( (JP:6804) ) just unveiled an update.

Hosiden Corporation announced the disposal of 7,929 shares of its treasury stock as part of a Restricted Stock Compensation plan for its directors. This initiative aims to align the interests of the directors with those of the shareholders, incentivizing continuous improvement in corporate value. The plan, approved by shareholders, involves a compensation framework where directors receive shares in exchange for monetary claims, with restrictions on transferring these shares during their tenure.

More about Hosiden

Hosiden Corporation operates in the electronics industry, focusing on the production and distribution of electronic components. The company is listed on the Tokyo Stock Exchange, Prime Market, under the securities code 6804.

Average Trading Volume: 279,680

Technical Sentiment Signal: Strong Buy

Current Market Cap: Yen113.9B

For a thorough assessment of 6804 stock, go to TipRanks’ Stock Analysis page.

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