IFBH (06603) saw its share price rise by 8.01% in morning trading, currently quoted at HKD 16.99, with a turnover of HKD 44.875 million.
IFBH announced after market close yesterday that, in view of the current market conditions, IFBH Limited intends to utilize the general mandate granted to the Board on June 17, 2025, for repurchasing the Company's shares. In accordance with the relevant requirements of the Hong Kong Listing Rules, the Company plans to conduct share repurchases on the Hong Kong Stock Exchange from time to time within the six months following the announcement date. The total number of shares repurchased will not exceed 5% of the Company's total issued share capital as of the announcement date. The Company believes that the current share price does not reflect its intrinsic value. The Board of Directors maintains confidence in the Company's business foundation and long-term growth prospects, and considers the proposed share repurchase an attractive use of capital that is expected to enhance shareholder value.
It is reported that on December 30, IFBH officially reached the end of the lock-up period for its cornerstone investors. According to a previous company announcement, the final date for the cornerstone investors to adhere to their lock-up commitments was December 29, 2025. Data shows that a total of 11 shareholders of IFBH were subject to this lock-up expiration, with the cumulative number of shares released from lock-up reaching 11.15 million.
Comments