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Shriro Holdings Ltd. ( (AU:SHM) ) just unveiled an announcement.
Shriro Holdings Limited has announced an off-market share buy-back initiative, aiming to return up to $15 million to shareholders by purchasing shares at $0.81 per share, which accounts for approximately 19.2% of the company’s issued share capital. The buy-back is voluntary, and shareholders are encouraged to review the buy-back booklet for detailed information. This move is expected to impact the company’s capital structure, offering shareholders an opportunity to liquidate their shares under favorable conditions.
More about Shriro Holdings Ltd.
Shriro Holdings Limited is a prominent consumer products marketing and distribution group with operations in Australia, New Zealand, USA, China, and global exports. The company markets a broad range of both company-owned brands, such as Everdure, Omega Altise, and Robinhood, and third-party brands like Casio, Pioneer, and Grohe. Their product offerings include calculators, watches, musical instruments, kitchen appliances, consumer electronics, and various heating and cooling products.
YTD Price Performance: -0.66%
Average Trading Volume: 46,767
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: A$72.31M
See more insights into SHM stock on TipRanks’ Stock Analysis page.