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Resona Holdings to buy back ¥101.68B of preferred stock

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Resona Holdings to buy back ¥101.68B of preferred stock

Resona Holdings Inc. will buy back and cancel all of its class five preferred shares for ¥101.68 billion.

The 4 million shares are held by Dai-ichi Life Insurance Co. Ltd., according to a Feb. 28 statement.

The planned buyback and cancellation will take place March 15.

As of Feb. 28, US$1 was equivalent to ¥106.72.