Shin Maint Holdings Co.,Ltd. announces an Equity Buyback for 450,000 shares, representing 4.23% for ?653.85 million.
November 04, 2021 at 03:30 am EDT
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Shin Maint Holdings Co.,Ltd. (TSE:6086) announces a share repurchase program. Under the program, the company will repurchase up to 450,000 shares, representing 4.23% for ?653.85 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment, along with aiming to improve capital efficiency. As of August 31, 2021, the company had 10,627,609 shares outstanding (excluding treasury shares) and 205,391 shares in treasury.
Shin Maint Holdings Co.,Ltd. is a Japan-based company mainly engaged in the provision of maintenance services for various facilities and equipment in stores. Main customers are major restaurant chains and retail chains. The one-stop maintenance services provide an emergency maintenance service that responds to sudden troubles in various facilities and equipment, and a preventive maintenance service that regularly checks, maintains, and cleans various facilities and equipment. The maintenance outsourcing service provides support to improve the maintenance capability of the kitchen equipment manufacturer by providing a maintenance system. The emergency maintenance service accepts repair requests 24 hours a day, 365 days a year. The preventive maintenance services provide tailored maintenance based on store conditions.
SHIN MAINT HOLDINGS CO.,LTD. 
