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Socionext Inc. Initiates Share Buyback Program

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Socionext Inc. ( (JP:6526) ) has issued an announcement.

Socionext Inc. has announced the acquisition of 178,100 shares of its common stock for a total of 273,833,398 yen through a market purchase at the Tokyo Stock Exchange. This move is part of a broader plan authorized by the Board of Directors to acquire up to 4.4 million shares, representing 2.48% of the total issued shares, with a total acquisition price of up to 5 billion yen, aiming to enhance shareholder value.

More about Socionext Inc.

Average Trading Volume: 6,075,780

Technical Sentiment Signal: Sell

Current Market Cap: Yen288.9B

See more insights into 6526 stock on TipRanks’ Stock Analysis page.

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