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Peet Limited ( (AU:PPC) ) just unveiled an update.
Peet Limited has announced a daily share buy-back, purchasing a total of 21,738,482 shares before the previous day and 25,000 shares on the previous day, amounting to a total consideration of $23,243,774.48. The company remains compliant with all relevant Corporations Act requirements and has 2,735,545 ordinary shares remaining to be purchased under this buy-back scheme, indicating a strategic move to potentially enhance shareholder value and optimize capital structure.
More about Peet Limited
Peet Limited is a company involved in the real estate industry, primarily focusing on property development and investment. The company engages in the acquisition, development, and management of residential, commercial, and industrial properties, catering to a diverse market segment.
YTD Price Performance: -8.22%
Average Trading Volume: 288,828
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$627.5M
See more insights into PPC stock on TipRanks’ Stock Analysis page.
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