Nihon Trim Co., Ltd. (JP:6788) has released an update.
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Nihon Trim Co., Ltd. has announced a plan to dispose of treasury shares through a third-party allotment to introduce an Employee Shareholding Incentive Plan, aiming to boost employee motivation and corporate value over the long term. The disposal will involve 189,700 common shares priced at 3,695 yen each, with the Nomura Trust & Banking Co., Ltd. set to receive the shares for the employee trust account.
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