‘K’ LINE Announces Treasury Shares Cancellation

Kawasaki Kisen Kaisha (JP:9107) has released an update.

Kawasaki Kisen Kaisha, Ltd. (‘K’ LINE) has announced its decision to cancel 39,556,000 treasury shares, which is 5.53% of its pre-cancellation outstanding shares, on August 7, 2024. This move follows the completion of a share repurchase program, where ‘K’ LINE bought the maximum authorized shares, with the total number of outstanding shares set to be 675,172,067 after the cancellation.

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