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Branding Technology hits daily limit up on share buyback announcement
Branding Technology Inc. <7067> surged to its daily limit of 1,140 yen. After the close of trading on May 21, the company announced a share buyback program, drawing a positive investor response. The buyback will cover up to 95,200 shares (5.94% of outstanding shares) or up to 100 million yen, whichever comes first. The acquisition period will run from May 26 to Nov. 25. The company said the purpose is to improve capital efficiency and enable a flexible capital policy.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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