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SoftBank to retire treasury shares worth 16% of outstanding stock

SoftBank to retire treasury shares worth 16% of outstanding stock
SoftBank to retire treasury shares worth 16% of outstanding stock   -   Copyright  (c) Copyright Thomson Reuters 2021. Click For Restrictions - https://agency.reuters.com/en/copyright.html
By Reuters

TOKYO (Reuters) – SoftBank Group Corp said on Wednesday it would retire treasury shares worth 16.3% of its outstanding stock after a record-breaking share buyback swelled its holdings.

The cancellation will leave the investment conglomerate holding as treasury stock 0.6% of total shares issued.

(Reporting by Sam Nussey; Editing by Chang-Ran Kim)