SBI Holdings to Repurchase $180 Million in Shares

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SBI Holdings to Repurchase $180 Million in Shares

Postby » Tue Nov 20, 2018 9:29 am

SBI Holdings, the owner of Japaneseretail broker SBI Securities, announced on Wednesday that it plans to buy back a number of shares over the coming months.

The announcement must be the result of shareholder discussions. Japanese law requires that any share buy-backs be agreed with shareholders in advance.

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It also requires the details of a share buy-back to be published by a company – hence SBI Holdings’ announcement.

The buy-back programme itself will start next week – on November 28th – and continue ... (read more)

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