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Chiba Bank to repurchase up to ¥10B of shares

Japan's Chiba Bank Ltd. plans to repurchase up to 22 million own shares for up to ¥10 billion.

The bank said the buyback plan is aimed at enhancing shareholders' return by improving its capital efficiency. The shares to be repurchased are equivalent to 2.88% of the bank's issued shares, excluding treasury shares.

The shares will be bought back between Aug. 6 and Sept. 20.

As of Aug. 2, US$1 was equivalent to ¥106.67.