TOKYO, May 08 (Pulse News Wire) – MBK CO.,LTD. (3121.T) announced today that it completed a share repurchase through the ToSTNeT-3 system on May 08, acquiring a total of 715,000 shares (representing 2.35% of outstanding shares excluding treasury stock).
The total cost of the acquisition was ¥150.2 million. In addition, as a result of this share buyback, there has been a significant change in the company's major shareholders. On May 08, Total Network Holdings Limited sold some of its holdings, resulting in a reduction of its stake below the threshold for being considered a major shareholder.
Prior to the transaction, Total Network Holdings Limited held 32,011 shares, representing 10.55% of the total voting rights. Post-transaction, their holding dropped to 8.16% shares, still maintaining the third-largest position among shareholders but falling below the major shareholder criteria. The company also noted that this change in major shareholders would not impact its performance outlook.
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