Tranche Update on Tein, Inc.'s Equity Buyback Plan announced on May 15, 2024.
May 21, 2024 at 02:00 am
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From May 15, 2024 to May 21, 2024, the company has repurchased 200,000 shares, representing 3.85% for ¥201.4 million. With this, the company has completed the repurchase of 200,000 shares, representing 3.85% for ¥201.4 million under the buyback announced on May 15, 2024.
TEIN, INC. is a Japan-based company primarily engaged in the development, manufacture and sale of automotive suspension products. The Company is engaged in the provision of genuine shape shock absorbers, shock absorbers for the street, shock absorbers for sports, electric damping force controllers, low-down springs, shock absorbers and springs for competition, standardized springs, made-to-order products and automatic piston rod inspection machines, as well as other products such as TEIN polyurethane bushes, reinforced tie rods, toe control arms, pillow ball upper mounts, bonnet dampers, repair parts and motorsport tents. The Company operates within the domestic market and to overseas markets, including North America, Europe, China and Thailand.