Notice regarding Acquisition of the Company’s own shares(PDF:162KB)
May 13, 2016 at 12:44 am EDT
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HK HANWA Co
IR News
HK HANWA Co., Ltd.
13-1 1-chome, Tsukiji Chuo-ku, Tokyo
JAPAN
Date: May 13, 2016
Contact: Yoichi Nakagawa
Director, Managing Executive Officer
Tel: +81-3-3544-2000
Notice regarding Acquisition of the Company's own shares
(Under the provisions of Articles of Incorporation pursuant to Article 165 (2) of the Corporation Law of Japan)
Hanwa Co., Ltd. ("Hanwa") announced that the Board of Directors held on May 13, 2016 resolved the acquisition of its own shares under Article 156 of the Corporation Law of Japan, as applied pursuant to Article 165 (3) of the Corporation Law, as detailed below:
Reason for acquisition of its own shares
To promote return to shareholders and ensure a flexible capital strategy.
Details of acquisition
Class of shares to be acquired: Common stock
Number of shares to be acquired: Up to 4 million shares
(equivalent to 1.93 % of the total issued shares)
Total amount of shares to be acquired: Up to 2.5 billion yen
Schedule of acquisition: From May 16, 2016 to June 24, 2016
(Reference) Treasury shares held by Hanwa as of April 30, 2016
・Aggregate number of issued shares 207,207,303 shares
(excluding treasury stocks)
・Number of treasury stocks 4,455,897 shares
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Hanwa Co. Ltd. published this content on 13 May 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 13 May 2016 04:43:08 UTC.
Original documenthttp://www.hanwa.co.jp/hanwa_e/ir/pdf/2016/20160513-3.pdf
Public permalinkhttp://www.publicnow.com/view/02D387DD54A9658B7D0176CFFE8181E006FB1228
HANWA CO., LTD. is a Japan-based company mainly engaged in the sale of steel metal raw materials, non-ferrous metals, foods, petroleum and chemical products, wood and machinery. The Company operates through six business segments. The Steel business is engaged in the provision of steel bars, construction works, steel plates, special steels, wires, steel pipes, and scrap iron. It is also engaged in the metal processing and storage. The Metal Raw Materials business is engaged in the provision of nickel, chromium, silicon, manganese, and ferroalloys. The Overseas Sales Subsidiary business is engaged in the sale of products at major overseas bases. The Petroleum and Chemicals business is engaged in the sale of petroleum products, industrial chemicals, chemicals and waste fuels. The Food business provides seafood and livestock products. The Nonferrous Metals business supplies aluminum, copper and zinc, and conducts recycling business. It also manages and operates amusement facilities.