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Orion Beer rebounds for first time in 5 days after off-exchange share buyback
Orion Beer <409A> rebounded for the first time in five sessions. After the market close on Monday, May 18, the company announced a share buyback program of up to 425,000 shares (1.00% of outstanding shares, excluding treasury stock) through the Tokyo Stock Exchange's off-exchange trading system (ToSTNeT-3), capped at 491.725 million yen, providing a positive catalyst for the stock. According to TSE off-exchange trading data, Orion subsequently repurchased 393,700 shares at 1,157 yen per share on Tuesday, May 19.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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