The Chiba Kogyo Bank,Ltd. narrowed its afternoon-session gains and decided to acquire all of its issued preferred shares. The acquisitions will be paid acquisitions, and the scheduled date and maximum share and monetary amounts have been disclosed.
The Chiba Kogyo Bank,Ltd. announced that it had decided on the specific method for acquiring its issued Class 2 preferred shares, Series 2 Class 6 preferred shares and Series 2 Class 7 preferred shares as treasury shares. The acquisitions will be paid acquisitions, with the acquisition date scheduled for 12 January 2027.
The Class 2 preferred shares have a maximum of 1.5 million shares and ¥6 billion, with an acquisition price of ¥4,000 per share. The Series 2 Class 6 preferred shares have a maximum of 301,000 shares and approximately ¥6.09 billion, with an acquisition price of ¥20,235.9 per share. The Series 2 Class 7 preferred shares have a maximum of 483 shares and approximately ¥240 million, at ¥507,076.72 per share.
The acquisition of the preferred shares is a measure accompanying the management integration with Chiba Bank. The two banks are scheduled to establish the joint holding company 「ちばフィナンシャルグループ」 on 1 April 2027. The market saw no particular surprise, and some viewed the impact on the share price as limited.
The announcement was reported by Traders Web, with finance.yahoo.co.jp cited as the supporting source.