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Toabo shows firm trading as it announces share buyback of up to 200,000 shares
Toabo Corporation <3204> showed firm trading despite weak market conditions. The company announced a share buyback program after the close of trading on the 27th last week, and buying on this positive news appears to be supporting the stock at lower levels. The buyback is set at a maximum of 200,000 shares (2.26% of issued shares excluding treasury stock) or \120 million, with an acquisition period from April 1st to June 30th. The company stated the program is intended to execute flexible capital policies in response to changes in the business environment, as well as to allocate shares for its restricted stock compensation plan.
Source: MINKABU PRESS
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