Central Forest Group, Inc. (NSE:7675) announces a share repurchase program. Under the program, the company will repurchase up to 387,200 shares, representing 4.41% of its share capital, for ¥828.89 million. The shares will be repurchased at ¥2,110 per share.
The company will repurchase 222,000 shares from Toyota Tsusho Corporation and 130,000 shares from Norinchukin Bank. The company will repurchase its shares in order to implement a flexible capital policy that responds to changes in the business environment. If the offer is oversubscribed the company may repurchase up to additional 100 shares.
The offer will be valid till December 4, 2024. As of November 6, 2024, the company had 8,781,749 shares outstanding (excluding treasury shares) and 247,135 shares in treasury.
















