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The latest announcement is out from TBS HOLDINGS INC. ( (JP:9401) ).
TBS HOLDINGS, INC. announced its decision to dispose of treasury shares through a third-party allotment as part of a share-based remuneration system for its directors and executive officers. This move aims to align executive remuneration with corporate value, enhancing the company’s medium- to long-term value. The disposal involves 153,200 shares at a price of ¥4,855 per share, with a total value of ¥743,786,000. The initiative is expected to have minimal impact on the trading market and is part of a broader strategy to improve the TBS Group’s corporate value.
More about TBS HOLDINGS INC.
TBS HOLDINGS, INC. operates in the media and entertainment industry, primarily focusing on broadcasting and related services. The company is listed on the Prime Market of the Tokyo Stock Exchange and is led by President and CEO Ryujiro Abe.
Average Trading Volume: 318,732
Technical Sentiment Signal: Buy
Current Market Cap: Yen761.7B
See more insights into 9401 stock on TipRanks’ Stock Analysis page.