CHINAHONGQIAO (01378) Plans to Repurchase Company Shares Worth No Less Than HK$3 Billion

Stock News
08/15

CHINAHONGQIAO (01378) announced that based on strong confidence in the group's future prospects and long-term investment value, and taking into account the group's financial position and operational performance, the board of directors intends to exercise the share repurchase authorization granted by company shareholders at the annual general meeting held on May 7, 2025. The company plans to repurchase shares in the open market from time to time according to market conditions (the proposed repurchase), with a total planned repurchase amount of no less than HK$3 billion.

The period for the proposed repurchase will continue until the expiry date of the repurchase authorization, unless the board of directors decides to terminate the proposed repurchase. The directors will implement the proposed repurchase in accordance with the repurchase authorization, the company's articles of association, the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, the Codes on Takeovers and Mergers and Share Buy-backs, and all other applicable laws and regulations that the company must comply with.

The board of directors believes that the proposed repurchase is in the overall interests of the company and shareholders. The proposed repurchase demonstrates that the company and its management team are confident about the group's future business prospects and recognize the group's long-term value.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10