Medipal Holdings (JP:7459) has released an update.
Medipal Holdings Corporation has completed its treasury stock acquisition, purchasing a total of 2,065,300 common shares for approximately 5 billion yen, with the aim of improving capital efficiency and shareholder returns. These shares represent 0.93% of the pre-cancellation issued stock and are scheduled to be cancelled by September 30, 2024, which will leave the company with 219,226,042 shares outstanding. The acquisition and cancellation were based on a resolution from the May 14, 2024 Board of Directors meeting.
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