SF INTRA-CITY Announces HKD 400 Million H-Share Buyback Plan

Stock News06-08

SF INTRA-CITY (09699) has announced that its board of directors has resolved to exercise the share repurchase mandate. Subject to market conditions, the company intends to repurchase H-shares on the open market from time to time, with a maximum expenditure of HKD 400 million. The repurchased H-shares will be cancelled at an appropriate time.

The company plans to use its own financial resources to fund the proposed share repurchase. The board believes that repurchasing shares under the current market conditions will demonstrate the company's confidence in its own business development and future prospects. This action is intended to further safeguard shareholder interests, enhance investor confidence, and ultimately benefit the company and create value for shareholders.

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