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Japan's Towa Bank to buy back 10 million preferred shares

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Japan's Towa Bank to buy back 10 million preferred shares

Japan-based Towa Bank Ltd. plans to repurchase and cancel 10 million of its type 2 preferred shares for ¥22.74 billion.

The repurchases will take place May 11, the bank said May 8.

As of May 8, US$1 was equivalent to ¥109.30.