Honda Motors (HMC) has released an update.
Honda Motor Co., Ltd. has announced the acquisition of 20,889,800 of its own shares, amounting to a total cost of 37.5 billion yen. The share buyback took place between March 1, 2024, and March 31, 2024, as part of a program announced earlier on February 8, 2024, which is set to conclude by the end of April 2024. The move, involving market purchases on the Tokyo Stock Exchange, signals a strategic effort by Honda to manage its capital structure.
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