Nissin Foods Holdings Co (JP:2897) has released an update.
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Nissin Foods Holdings Co., Ltd. has announced the acquisition of 1,711,400 of its own shares between July 1, 2024, and July 31, 2024, for a total cost of 7.3 billion yen, as part of a larger buyback plan to purchase up to 6.2 million shares by the end of November 2024. The company is executing these buybacks on the Tokyo Stock Exchange with the aim of reducing the total number of shares outstanding and potentially increasing shareholder value.
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