TYO:6525

2 stories mentioning TYO:6525Updated 3h ago

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Kokusai Electric to Retire Treasury Shares Acquired Under Buyback Program

Kokusai Electric (TYO:6525) decided to retire all treasury shares repurchased under its buyback program, effective Aug. 31, according to a Tokyo bourse filing.The buyback program authorized the repurchase of up to 1.5 million shares for up to 5.3 billion yen, with the repurchase period running from May 14 to July 31.As of May 31, the company held 4.46 million treasury shares against 233.7 million issued shares outstanding.

TYO:6525

Asia28d ago

KKR Offloading Entire Stake in Kokusai Electric

KKR HKE Investment, the principal shareholder of Kokusai Electric (TYO:6525), is selling all its shares in the company, representing 10.57% of total voting rights, via securities firms.Nomura Securities will coordinate purchase orders for the sale and will temporarily become a principal shareholder with an 11.55% voting stake after the transaction, according to a statement on Wednesday.Nomura has confirmed that it plans to immediately resell the shares in domestic and overseas markets and will cease to be a principal shareholder shortly thereafter.The sale is scheduled for May 22, with Nomura's temporary holding period expected to be brief due to its role as an intermediary.Kokusai Electric said that this change in principal shareholder will not impact its financial performance.

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