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The latest announcement is out from Obayashi ( (JP:1802) ).
Obayashi Corporation announced the acquisition of 3,324,100 of its own common shares, amounting to approximately ¥6.73 billion, as part of a previously resolved plan to acquire up to 20 million shares. This strategic move is aimed at optimizing capital structure and potentially enhancing shareholder value, reflecting the company’s commitment to efficient capital management.
More about Obayashi
Obayashi Corporation operates in the construction industry, focusing on building infrastructure and development projects. It is a major player in the market, providing services that range from construction to engineering and real estate development.
YTD Price Performance: -1.41%
Average Trading Volume: 2,000
Technical Sentiment Signal: Strong Sell
Current Market Cap: $9.59B
For detailed information about 1802 stock, go to TipRanks’ Stock Analysis page.