Z Holdings plans share repurchase and LBT capital increase

Z Holdings Corporation (TSE:4689) announced plans for a significant share repurchase program and a capital increase in LINE Bank Taiwan (LBT), signaling key strategic shifts. Z Holdings plans to offer to repurchase up to 281.4 million of its own shares, approximately 3.93% of outstanding shares, at JPY533 per share, for a total expenditure of approximately JPY150 billion. This tender offer aims to enhance capital efficiency and increase shareholder returns. The company also intends to cancel a portion of treasury shares following the repurchase.