Linklogis Inc (9959.HK) saw its stock price surge by 9.38% in the pre-market trading session on Wednesday, following the company's announcement of a significant share repurchase program. The Chinese supply chain finance technology solution provider plans to repurchase its Class B shares using at least $80 million, a move that has clearly excited investors.

The repurchase program, disclosed late Tuesday, represents a substantial commitment from Linklogis to buy back its own shares. This decision typically signals management's confidence in the company's future prospects and their belief that the stock is undervalued. The $80 million minimum allocation for the repurchase demonstrates the company's strong financial position and its willingness to return value to shareholders.

Share repurchase programs are often viewed positively by the market as they reduce the number of outstanding shares, potentially increasing earnings per share and stock value. For Linklogis, this move could also help support the stock price and boost investor confidence in the company's long-term strategy. As the program targets Class B shares, it may also have implications for the company's ownership structure and voting rights distribution.