Bengo4.com rebounds after five sessions on share buyback announcement
Bengo4.com,Inc. <6027> shares rebounded for the first time in five sessions after announcing a share buyback program after the close on June 11.
The company plans to buy back up to 350,000 shares, representing 1.53% of issued shares excluding treasury stock, or up to 500 million yen from June 12 to November 30.
Bengo4.com cited its assessment that the current share price represents a highly return-efficient investment opportunity as the rationale behind the move.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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