CR Beverage Authorizes Share Buyback Program Valued Up to HK$530 Million

Stock News06-30

CR Beverage (02460) has announced that its board of directors has resolved to exercise the share repurchase mandate approved by shareholders at the annual general meeting held on June 1, 2026, and any subsequent updated mandates approved by shareholders as applicable, for the purpose of purchasing the company's shares.

The program involves buying back shares on the open market with an aggregate value not exceeding HK$530 million.

This initiative will be effective from the date of this announcement until the conclusion of the company's next annual general meeting.

The board believes the company's current financial resources are sufficient to support the implementation of this plan while maintaining a solid financial position to underpin the group's business growth.

The board also considers that the current trading price of the shares does not reflect their intrinsic value and the actual business prospects, presenting a favorable opportunity for the company to repurchase its shares.

The plan further demonstrates the board's confidence in the company's future and its commitment to enhancing returns for shareholders.

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