SEYOND (02665) has disclosed its intention to execute a share repurchase program.
The program is scheduled to run from June 2, 2026, to June 17, 2026, inclusive.
The company has proposed to allocate no more than HK$100 million for this buyback initiative.
This action is authorized under a general mandate granted by shareholders at a meeting on December 20, 2024.
The authorization permits the repurchase of shares listed on The Stock Exchange of Hong Kong Limited or other recognized exchanges, up to a maximum of 10% of the issued share capital.
This authority remains valid until the conclusion of the next annual general meeting following the completion of a specified special purpose acquisition company merger, or until revoked or amended by shareholders.
The company's financial position is described as robust and sound.
The board believes the share repurchase plan demonstrates confidence in the company's long-term business outlook and potential for growth.
Furthermore, the company expects that actively optimizing its capital structure through this program will enhance earnings per share, net asset value per share, and overall shareholder returns.
Consequently, the board considers the share buyback to be in the best interests of the company and its shareholders as a whole.
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