BAIRONG-W (06608) Plans to Repurchase Up to HK$450 Million Worth of Class B Shares

Stock News12-01

BAIRONG-W (06608) announced that its board has resolved to repurchase Class B shares with a total value not exceeding HK$450 million on the open market over the next 12 months. The repurchase will be conducted under the share buyback authorization approved by shareholders at the annual general meeting held on May 30, 2025, and any subsequent renewals or updates of such authorization as applicable.

The company believes the share repurchase demonstrates confidence in its business outlook and prospects, which will ultimately benefit the company and create value for shareholders. The board considers that BAIRONG-W's current financial resources are sufficient to support the buyback while maintaining a sound financial position.

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