Tokai Rika Co. (TYO:6995) has resolved to cancel 5 million of its common shares, representing 5.3% of the total outstanding shares before cancellation, according to a Thursday filing on the Tokyo Stock Exchange.
The move is set to take effect on May 30. Following the cancellation, the company's total issued shares will be 89.2 million.
Price (JPY): $2092.00, Change: $+19, Percent Change: +0.92%
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