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BRIDGE International Group forms capital and business alliance with TerraSky
BRIDGE International Group Corp. <7039> announced after Friday's close that it formed a capital and business alliance with TerraSky Co.,Ltd <3915>. Combining BRIDGE International's strengths in sales operations and management with TerraSky's cloud and AI expertise, the firms will deliver high-value-added services. Through the disposal of treasury shares, TerraSky will be allocated 113,100 shares, representing approximately 3% of total issued shares.
Concurrently, BRIDGE International announced a share buyback program to repurchase up to 150,800 shares, or 4.25% of outstanding shares excluding treasury stock, worth up to 316 million yen. The repurchase period runs from June 8 through November 30.
The firm also revealed it began preparations to apply for a listing transfer from the TSE Growth Market to the TSE Standard Market, aiming to drive medium- to long-term growth and further enhance corporate value.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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