Saint Bella Group Authorizes Two-Year Share Buyback Program Valued Up to HK$100 Million

Stock News06-30 21:40

SAINT BELLA (02508) has announced that its board of directors has approved a share repurchase plan.

The program is scheduled to run for a two-year period, commencing on June 30, 2026, and concluding on June 29, 2028.

Under this initiative, the company intends to buy back its own shares on the open market, with the total cost not exceeding HK$100 million.

The repurchases will be executed at a price per share not higher than HK$6.85 and are subject to market conditions at the board's discretion.

The company plans to fund the buyback using its existing internal resources while ensuring sufficient financial capacity to support ongoing operational growth.

The board believes that the current share price is below the company's intrinsic value and may not fully reflect the group's future business prospects, presenting a favorable opportunity for repurchases.

The company stated that its current financial position is robust.

The directors are confident that the share repurchase plan will demonstrate the company's faith in its business outlook and long-term potential, ultimately working to enhance shareholder value.

Furthermore, the company views the active optimization of its capital structure through this buyback as a means to improve earnings per share, net asset value per share, and overall returns for shareholders.

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