Kitano Construction Corp. announces an Equity Buyback for 300,000 shares, representing 4.77% for ¥700 million.
August 29, 2019 at 12:00 am EDT
Kitano Construction Corp. (TSE:1866) announces a share repurchase program. Under the program, the company will repurchase 300,000 shares, representing 4.77% of the outstanding shares for ¥700 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. The program will run until February 28, 2020. As of July 31, 2019, the company had 6,292,345 shares outstanding and 544,508 shares in treasury.