date:Aug 29, 2014
Japanese meat processor Iotham Foods is to buy back a number of its own shares in a bid to ease the market position.
The Board of Directors of Itoham Foods took the decision last week to acquire the companys own shares to improve capital efficiency by executing a flexible capital policy in response to changes in the operating environment.
The shares will be part of the companys common stock and the Iotham board said it will be buying up to 10,000,000 shares.
This represents 4.6 per cent of to