FINWIRES · TerminalLIVE
FINWIRES

T&D Holdings Launches 30 Billion Yen Stock Buyback

By

T&D Holdings (TYO:8795) plans to acquire up to 12 million common shares, representing 2.50% of outstanding stock, for a maximum total of 30 billion yen.

The mandate was authorized by T&D Holdings' board during a June 4 meeting, according to a Tokyo bourse filing on the same day.

The buyback, aimed at enhancing shareholder returns and improving capital efficiency, will run from June 8 through Sept. 30.

Related Articles

Asia

Silver Mines Enters Into Option Underwriting Agreement; Shares Down 4%

Silver Mines (ASX:SVL) entered into an option underwriting agreement with Petra Capital to fully underwrite the exercise of unlisted options, exercisable at AU$0.1196 apiece and expiring on June 17, according to a Friday filing with the Australian bourse.Petra Capital will underwrite up to 63.2 million options that remain unexercised at the expiry date, representing about AU$7.6 million, by subscribing for shares on the exercise of the underwritten options, the filing said.Upon completion of exercise of all options, the company expects to issue a total of 63.2 million shares to raise about AU$7.6 million, per the filing.Silver Mines shares fell nearly 4% in morning trade Friday.

$ASX:SVL
Asia

Templeton Emerging Markets Investment Trust Reports Net Asset Value

Templeton Emerging Markets Investment Trust's (NZE:TEM) unaudited net asset value, including income, was 3.49 billion pounds sterling, or 3.7253 pounds sterling per share as of Wednesday, according to a Friday filing with the New Zealand bourse.Unaudited net asset value excluding income was 3.44 billion pounds sterling, representing a net asset value of 3.675 pounds sterling per share, the filing said.

$NZE:TEM
Asia

Coles Shares Inch Down After ACCC Begins Stage One Assessment for Proposed Acquisition of New South Wales Lease

Coles Group's (ASX:COL) shares fell marginally in early trading on Friday after the Australian Competition and Consumer Commission (ACCC) said in a statement on Thursday that it was assessing the impact on competition of its proposed acquisition of a lease over a new supermarket site to be constructed within a new mixed-use development in New South Wales.The development is located at 5 Olympic Drive and 14-24 Childs Street in Lidcombe.The regulator asked for submissions or information regarding the assessment by June 12.

$ASX:COL