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Shriro Holdings Ltd. ( (AU:SHM) ) has issued an announcement.
Shriro Holdings Limited has announced an off-market equal access share buy-back, aiming to return up to $5 million to shareholders at a price of $0.81 per share, which represents approximately 7.9% of the company’s issued share capital. This initiative is voluntary for shareholders and is intended to optimize capital management and potentially enhance shareholder value.
The most recent analyst rating on (AU:SHM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Shriro Holdings Ltd. stock, see the AU:SHM Stock Forecast page.
More about Shriro Holdings Ltd.
Shriro Holdings Limited is a leading consumer products marketing and distribution group operating in Australia, New Zealand, USA, China, and exporting globally. The company markets and distributes a wide range of company-owned and third-party brands, including products such as calculators, watches, musical instruments, kitchen appliances, and consumer electronics.
Average Trading Volume: 398,792
Technical Sentiment Signal: Buy
Current Market Cap: A$61.54M
See more data about SHM stock on TipRanks’ Stock Analysis page.