Carlit Holdings Co., Ltd. announces an Equity Buyback for 8,951 shares.
November 28, 2013 at 01:37 am EST
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Carlit Holdings Co., Ltd. (TSE:4275) announces a share repurchase program. Under the program, the company will repurchase up to 8,951 shares. The company will repurchase shares from its wholly owned subsidiary Japan Carlit Co.,Ltd. The company will make repurchases by dividends in kind from Japan Carlit.
Carlit Holdings Co Ltd is a Japan-based company mainly engaged in the chemicals, bottling, industrial materials, and engineering services business. It operates through four business segments. The Chemicals segment is engaged in the manufacture and sale of industrial explosives, emergency safety flame tubes for automobiles, materials for fireworks, sodium chlorate, ammonium perchlorate, sodium chlorite, pesticides, electrodes, perchloric acid, and synthetic resin raw materials, organic conductive materials, and ionic conductive materials and abrasives, as well as the provision of hazard evaluation and battery tests. The Bottling segment handles the bottling processing and sales of soft drinks. The Industrial Component segment manufactures and sells silicon wafers for semiconductors, various heat-resistant refractories, and springs. The Engineering Services segment sells and paints industrial paints, and designs and supervises water and sewage and wastewater treatment facilities.