TOKYO, Apr 15 (Pulse News Wire) – MBK CO.,LTD. (3121.T) announced today that its board meeting held on April 15 decided to halt the share repurchase plan previously approved on April 7.
The initial decision was made during a board meeting on April 7 to issue shares to Create Capital Co., Ltd. However, due to doubts arising about whether the consulting contract aimed at enhancing corporate value would meet its intended purpose based on proposals from Create Capital Co., Ltd., the company's board resolved to cancel the share issuance plan.
CFO Kato Touji, Executive Officer, confirmed that the company remains committed to exploring alternative measures to support shareholder value. This development follows the previous disclosure dated April 7, which outlined the initial agreement with Create Capital Co., Ltd.
For the share repurchase program.
🟢 Confidence: High AI-translated content.