Otsuka Holdings Co (JP:4578) has released an update.
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Otsuka Holdings Co., Ltd. has completed a share repurchase program, acquiring 5,810,900 shares for nearly 49.9 billion yen. The company plans to cancel these shares on December 9, 2024, reducing its total outstanding shares to 552,024,717. This strategic move is likely aimed at increasing shareholder value by reducing the supply of shares in the market.
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