AAC Technologies Holdings (HKG:2018) launched a HK$778 million automatic share buy-back program, equal to $100 million, utilizing an independent broker to execute the buy-backs on their behalf, according to a Monday filing with the Hong Kong Stock Exchange.
The program will continue until May 16, 2025, unless the set targets are achieved earlier, leading to an early termination. The program intends to optimize the buy-back process by operating during restricted periods with a waiver from compliance rules.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments