CHERVON (02285) Announces Share Buyback Plan with Maximum Value of HK$1.5 Billion

Stock News06-08 12:18

The company has announced a share repurchase program.

The program is scheduled to be implemented from June 8, 2026, through December 31, 2026, inclusive of both dates.

CHERVON (SEHK: 02285) may repurchase its own ordinary shares with a total maximum value of HK$1.5 billion during this period.

The share buyback will be executed using the existing general mandate granted to the board for share repurchases.

This mandate was authorized by shareholders at the annual general meeting held on May 18, 2026.

The company's financial position remains robust.

The board believes the share repurchase plan demonstrates the company's confidence in its long-term business prospects and growth potential.

Furthermore, the company believes that actively optimizing its capital structure through this buyback plan is expected to enhance earnings per share, net asset value per share, and overall shareholder returns.

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