Altech Co Ltd <9972.T>::ALTECH CO LTD SAYS TO BUY BACK UP TO 1.46 PERCENT OF OWN SHARES WORTH 50 MILLION YEN THROUGH MAY 31.
ALTECH Co Ltd <9972.T> :Says it plans to dissolve its unit which is mainly engaged in manufacture and sale of preform products for pet bottle use, located Jiangmen, China.
Altech Co Ltd:To dissolve its 99 pct owned subsidiary, which has been engaged in manufacture and sale of preform for PET bottle use, in Malaysia.Effective date is not decided yet.
Altech Co Ltd:To issue a year-end dividend of 3 yen per share, for the FY ended Nov. 2015.Dividend issued to shareholders of record as of Nov. 30.Dividend payment date Feb. 29.Says the dividend amount is in line with the latest forecast disclosed on Jan. 14.
Altech Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 15,810 mln yen from 18,000 mln yen for the fiscal year ended Nov. 2015.Sees a decrease of operating profit forecast to 168 mln yen from 250 mln yen.Sees a decrease of ordinary profit forecast to a loss of 104 mln yen from 150 mln yen.Sees a decrease of net profit forecast to a loss of 998 mln yen from mln yen.Sees a decrease of earnings per share to a loss of 58.23 yen from 5.83 yen.Comments the delay of examine for large scaled machines and downsize of China and Indonisia's economy are the main reasons for the forecast.
Altech Co Ltd:Set up a wholly owned subsidiary ALTECH ASIA PACIFIC VIETNAM CO., LTD. engaged in sale of industrial machineries and equipments and engineering services, on Jan. 10.
Altech Co Ltd:To issue a year-end dividend of 3 yen per share to all the shareholders of record as of Nov. 30, 2014, for FY ended Nov. 2014.Payment date Feb. 27.Says latest dividend forecast was 3 yen per share.
Altech Co Ltd announced that it will merge with a wholly owned subsidiary, which is engaged in sales of information communication equipment, as well as related service, effective December 1, 2013. The Company will be the surviving company and the subsidiary will be dissolved.
Altech Co Ltd announced that its top shareholder, an investment partnership, has decreased its stake in the Company from 14.70% (2,797,700 shares) to 4.99% (853,300 shares) on July 22, 2013, and became the fourth major shareholder.
Altech Co Ltd announced that it has repurchased 1,944,400 shares of its common stock, for JPY 699,984,000 in total (JPY 360 per share), on July 22, 2013, on Tokyo Stock Exchange ToSNeT-3. The Company also claimed that the share repurchase plan disclosed on May 15, 2013 has been completed along with the transaction.