YNBY INTL (00030) Authorizes Buyback of Up to HK$39 Million in Shares

Stock News05-28

YNBY INTL (00030) announced that its board of directors has formally resolved to authorize the management to execute a share repurchase plan on the open market from time to time as appropriate, with a maximum repurchase amount of HK$39 million. The company may cancel the repurchased shares and/or hold them as treasury shares, depending on market conditions at the relevant times of the repurchase and the company's capital management needs. The company believes the share repurchase reflects its confidence in its business development and prospects, and that the repurchase plan aligns with its long-term development strategy. Implementing the share repurchase plan serves the overall interests of the company and its shareholders.

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