十月稻田计划动用最多1亿港元回购H股

Stock News01-16

SHIYUE DAOTIAN (09676) announced that the board of directors has resolved to exercise the share repurchase authorization, intending to utilize up to HK$1 billion of the company's own funds to repurchase H-shares in the open market (the Share Repurchase Plan). The repurchase price will not exceed 5% of the average closing price of the H-shares on the five trading days immediately preceding the actual repurchase date. When implementing the repurchase, the specific repurchase price will be determined within this range based on market conditions and the company's actual circumstances. The H-shares repurchased under the authorization may be cancelled or held as treasury shares, to be used for equity incentive plans at an appropriate time or for resale of treasury shares to raise funds. The board believes that the current trading price of the shares does not fully reflect the company's intrinsic value and business development prospects, and conducting the share repurchase demonstrates the company's confidence in its own business development prospects and growth potential. The board also believes that the Share Repurchase Plan aligns with the overall best interests of the company and its shareholders.

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