Nippon Electric Glass Co (JP:5214) has released an update.
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Nippon Electric Glass Co. has completed its share repurchase, acquiring a total of 5,879,900 common shares from the open market. The company plans to cancel 10 million shares, which represents over 10% of its outstanding shares, by January 31, 2025, streamlining its capital structure. This move reflects the company’s strategic efforts to enhance shareholder value.
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