SK Kaken Co., Ltd. announces an Equity Buyback for 15,000 shares, representing 0.11% for ¥154.5 million.
August 24, 2016
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SK Kaken Co., Ltd. (JASDAQ:4628) announces a share repurchase program. Under the program, the company will repurchase 15,000 shares, representing 0.11% of the outstanding shares, at ¥10,300 per share for ¥154.5 million. Shares will be repurchased through the Tokyo Stock Exchange Off-Auction Own Share Repurchase Trading (ToSTNeT-3). The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. As of August 25, 2016, the company had 13,508,453 shares outstanding and 2,165,432 shares in treasury.
SK KAKEN CO.,LTD. is a Japan-based company principally engaged in the manufacture and sale of architectural finishing coating materials and fireproof insulation materials. The Company operates in two business segments. Building Finish Coating segment is involved in the production of organic inorganic water-based coatings, synthetic resin paints, inorganic paints, inorganic building materials, as well as the conduct of special finishing work on buildings. Refractory Insulation segment is involved in the production of insulation materials, refractory coatings, refractory paints, as well as the conduct of refractory insulation work. The Company is also involved in the manufacture and sale of detergents and diluents.
SK KAKEN CO.,LTD. 