NITTO DENKO shares rebound after announcing cancellation of 15,472,050 treasury shares on the 20th
NITTO DENKO CORPORATION <6988> shares rebounded after NITTO DENKO announced after market close on Sep 30 it will cancel 15.47 million treasury shares (2.28% of shares outstanding prior to cancellation) effective Oct 20. The announcement drew positive market reaction. Following cancellation, total shares outstanding will stand at 663.19 million shares.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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