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SoftBank shares untraded after $9 billion buyback announcement -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: SoftBank Corp. logo is shown at the Tokyo news conference, Japan on February 4, 2021. REUTERS/Kim Kyung-Hoon

TOKYO, Reuters – SoftBank Group Corp shares weren’t traded Tuesday in Tokyo despite a large number of orders for buys. This was just a day after SoftBank Group Corp announced that it would invest up to 1 trillion yen ($8.8billion) to purchase back nearly 15% of its shares.

SoftBank suffered a quarter-end loss of $2 million due to falling tech shares and regulatory restrictions on China. The company announced the buyback.

($1 = 113.3500 yen)

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