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Suruga Bank ( (JP:8358) ) has provided an announcement.
Suruga Bank has announced the repurchase of 1,237,500 shares of its common stock, totaling an acquisition cost of 1,882,391,300 yen, through market purchases on the Tokyo Stock Exchange. This action is part of a broader strategy approved by the Board of Directors to acquire up to 12,500,000 shares, aiming to enhance shareholder value and optimize capital structure.
More about Suruga Bank
Suruga Bank, Ltd. operates in the financial services industry and is listed on the Prime Market of the Tokyo Stock Exchange. The bank primarily offers banking services and products, focusing on the Japanese market.
Average Trading Volume: 660,106
Technical Sentiment Signal: Buy
Current Market Cap: Yen292.7B
For an in-depth examination of 8358 stock, go to TipRanks’ Overview page.