Chubu Suisan Co., Ltd. announces an Equity Buyback for 20,000 shares, representing 1.12% for ¥50 million.
February 21, 2019 at 02:20 am EST
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Chubu Suisan Co., Ltd. (NSE:8145) announces a share repurchase program. Under the program, the company will repurchase 20,000 shares, representing 1.2% of the outstanding shares, at ¥2,450 per share for ¥50 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. As of February 21, 2019, the company had 1,780,759 shares outstanding and 146,141 shares in treasury.
CHUBU SUISAN CO., LTD. is a Japan-based company mainly engaged in the wholesale of marine products. The Company operates in five business segments. The Marine Products Wholesale segment is engaged in the wholesale of marine products to the Nagoya central wholesale market. The Fodder Manufacturing and Selling segment is engaged in the manufacture and sale of fish flour, compounded feeds and feeds for fishery culture. The Refrigerated Warehouses segment provides storage services for fresh, frozen and processed marine products which are owned by marine products companies and middle traders. The Real Estate Rental segment leases condominiums.
CHUBU SUISAN CO.,LTD. 
