Properst Co., Ltd. announces an Equity Buyback for 220,000 shares, representing 0.79% for ¥30 million.
July 13, 2020 at 07:45 am
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Properst Co., Ltd. (JASDAQ:3236) announces a share repurchase program. Under the program, the company will repurchase 220,000 shares, representing 0.79% of its share capital, for ¥30 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until July 31, 2020. As of June 30, 2020, the company had 27,807,155 shares outstanding (excluding treasury shares) and 490,760 shares in treasury.
PROPERST CO., LTD. is primarily engaged in the real estate business. The Company operates through three business segments. The Real Estate Sales segment acquires development land and sells condominiums to end users and investors. This segment also involves in the real estate renew, conversion and leasing of buildings to improve the real estate asset value for sale. The Contracted Real Estate segment is involved in the sales agency business, real estate planning business and other real estate-related consulting business. The Leasing segment is engaged in the real estate leasing business.