Linklogis Inc (9959.HK) saw its stock price soar by 9.38% in Wednesday's trading session, following the company's announcement of a significant share repurchase program. The Hong Kong-listed supply chain finance technology solutions provider has committed to repurchasing its Class B shares using at least $80 million.

The share repurchase plan, disclosed in a brief statement late Tuesday, represents a substantial investment by the company in its own stock. While specific details about the timing and method of the repurchase were not provided, the announcement signals strong confidence from Linklogis' management in the company's future prospects and current stock valuation.

Share repurchase programs are often viewed positively by investors as they can lead to increased earnings per share and signal that the company believes its stock is undervalued. For Linklogis, this move could potentially boost shareholder value and demonstrate the company's commitment to returning capital to its investors. The significant uptick in the stock price suggests that the market is responding favorably to this initiative, as investors anticipate the potential benefits of the share buyback program.