Placo Co., Ltd. announces an Equity Buyback for 150,000 shares, representing 5.49% for ¥80 million.
April 26, 2020 at 09:50 pm EDT
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Placo Co., Ltd. (JASDAQ:6347) announces a share repurchase program. Under the program, the company will repurchase 150,000 shares, representing 5.49% of the outstanding shares for ¥80 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until December 10, 2020. As of March 30, 2020, the company had 2,733,325 shares outstanding and 1,350 shares in treasury.
PLACO CO., LTD. is primarily engaged in manufacture and sale of inflation molding equipment, blow molding equipment and recycling equipment. The inflation molding equipment business manufactures and sells inflation molding equipment for use in the molding of film products such as shopping bags, garbage bags, agricultural polyethylene films, wrap materials, multilayer films and functional films. The blow molding equipment business manufactures and sells blow molding equipment for use in the molding of hollow products such as automobile parts, industrial parts and daily sundry articles. The recycling equipment business manufactures and sells recycling equipment such as crushers, reproduction machines and re-molding machines. The maintenance business provides maintenance and parts.
PLACO CO., LTD. 
