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Chang Hwa Commercial Bank reported a strong NT$7.44 billion profit for the first half of 2024, equating to NT$0.66 per basic share. With net accumulated revenues of NT$20.75 billion, the bank’s financial report highlights its steady performance, although year-on-year comparison figures were not provided.
Teikoku Tsushin Kogyo’s buyback plan is designed to enhance shareholder value by repurchasing up to 150,000 shares, or 1.6% of its outstanding shares, at a total cost of 300 million yen.
Shanghai Fosun Pharmaceutical has approved the repurchase and cancellation of over 1 million restricted shares for approximately 22.8 million yuan. The move will reduce the company's issued share capital to 2,671,326,465 shares and its registered capital by 1.1 million yuan.
3M has appointed Anurag Maheshwari as its new Executive Vice President and Chief Financial Officer, effective September 1, 2024. Maheshwari joins from Otis Worldwide Corporation, bringing extensive expertise in financial and business functions. Teri Reinseth will serve as Interim CFO until Maheshwari's assumption of the role.