Giant Biogene Holding Co., Ltd. (2367) has announced a proposal to exercise its general mandate for the repurchase of up to 103,590,400 shares, equivalent to 10% of its issued shares (excluding treasury shares). The mandate was granted during the company’s Annual General Meeting on 13 June 2025 and will remain valid until the earlier of the next AGM, the deadline for holding the next AGM as required by relevant regulations, or a revocation by shareholders.
According to the announcement dated 2 December 2025, the repurchase is to be financed from the company’s own funds, with no material adverse impact anticipated on the Group’s working capital. The repurchased shares will be cancelled and/or held as treasury shares in line with all applicable laws and regulations, including the Listing Rules and the Codes on Takeovers and Mergers. The Board emphasizes that market conditions will dictate the implementation and timing of any repurchases, which are not guaranteed.
The company’s leadership views its current share price as undervaluing its long-term prospects and believes the repurchase will help enhance financial indicators, including earnings per share. They see the plan as beneficial to overall capital management and optimization of the company’s structure.
Comments