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SoftBank to retire treasury shares worth 16% of outstanding stock

TOKYO, April 28 (Reuters) - SoftBank Group Corp said on Wednesday it would retire treasury shares worth 16.3% of its outstanding stock after a record-breaking share buyback swelled its holdings.

The cancellation will leave the investment conglomerate holding as treasury stock 0.6% of total shares issued. (Reporting by Sam Nussey Editing by Chang-Ran Kim)

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