March 24, 2020 / 12:12 AM / 12 days ago

SoftBank shares untraded with glut of buy orders after buyback announcement

TOKYO, March 24 (Reuters) - SoftBank Group Corp shares were untraded with a glut of buy orders on Tuesday after the company announced up to $41 billion in asset sales and a record share buyback to shore up its collapsing share price.

SoftBank shares closed up 19% on Monday, hitting their daily limit, after the tech conglomerate said it would buy back up to 2 trillion yen ($18 billion) worth of shares in addition to a 500 billion yen purchase announced earlier this month. ($1 = 110.8700 yen) (Reporting by Sam Nussey)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below