Saturday Fu (06168) Surges Over 4% in Intraday Trading Following Announcement of Plan to Repurchase Up to 10% of Issued H Shares

Stock News2025-12-30

Saturday Fu (06168) saw its shares climb more than 4% during the trading session. At the time of writing, the stock was up 3.77%, trading at HKD 26.4, with a turnover of HKD 93.7657 million.

The surge follows the company's recent announcement that it will seek shareholder approval to authorize its board of directors to repurchase up to 10% of the total issued H shares, a move aimed at safeguarding shareholder interests.

According to the proposed H share repurchase mandate, the buybacks will be executed within a specified period, with the specific quantity based on the number of H shares in issue on the day the shareholders' meeting grants its approval.

Notably, Saturday Fu announced in November that it will launch a new cooperative model for joint-venture stores, partnering with franchisees to co-invest in establishing and operating "Three-Excellence" stores, which are characterized by prime locations, superior products, and exceptional operations.

This new model is expected to distribute investment risks, stimulate enthusiasm for opening new stores, and is anticipated to drive growth in both the number of stores and revenue per store, thereby providing a positive boost to the group's overall performance.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment