TOKYO, Mar 10 (Pulse News Wire) – Sanyo Industries,ltd. (5958.T) resolved at its board meeting held, to cancel shares based on Article 178 of the Company Law.
The company plans to cancel ordinary shares totaling 560,000 shares, which represents 15.91% percent of the outstanding shares prior to cancellation. The cancellation is scheduled for March 31, 2026.
Following the cancellation, the total number of outstanding shares will be reduced to 2,960,000 shares. This action aligns with legal requirements and reflects the company's ongoing efforts to manage its capital structure efficiently.
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