LET Group Seeks Shareholder Approval for Share Issue, Buyback

MT Newswires Live

2025/07/11

The LET Group (HKG:1383) board proposed a share issue and buyback, according to a Hong Kong bourse filing Thursday.

Shares of the resorts builder and operator remain suspended.

The company's board will seek shareholder approval at LET's annual meeting Aug. 8 to issue up to 20% of the firm's issued share capital.

If approved, LET will be able to issue around 1.39 billion new shares.

Simultaneoulsy, the firm is asking shareholders to approve a buyback program so it can repurchase over 693 million shares, or 10%, of its issued shares.

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