Kitz(TYO:6498) is cancelling 2.83 million common treasury shares, representing 3.13% of total shares outstanding, according to its filing on Monday.
This cancellation is set to take place on Dec. 25, under Article 178 of the Companies Act. The decision reflects KITZ Corp.'s commitment to optimizing its capital structure.
Price (JPY): $1114.00, Change: $+4.0, Percent Change: +0.36%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.