Nakakita Seisakusho Co., Ltd. announces an Equity Buyback for 79 shares.
December 18, 2017 at 11:00 pm EST
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Nakakita Seisakusho Co., Ltd. (TSE:6496) announces a share repurchase program. Under the program, the company will repurchase up to 79 shares. The company will repurchase its shares in order to process the fractional shares resulting from a reverse share-split.
NAKAKITA SEISAKUSHO CO., LTD. is a Japan-based company primarily engaged in the manufacture and sale of automatic control valves, butterfly valves and remote controllers for ships and power plants. The Company offers three types of products: automatic control valves, which include auto actuated valves, servo actuated control valves, remote control valves, cylinder valves, safety valves, air purge-type automatic regulatory equipment, actuators, valves for nuclear plants, superheated steam pressure reducers and attemperators, other special automatic control valves and controlling equipment; butterfly valves, which include manual butterfly valves, remote control butterfly valves, and butterfly valves for low-temperature use, and remote controllers, which include cargo handling and ballast remote controllers and remote water level indication and warning equipment for ships.