NEO-NEON (01868) Plans to Repurchase Shares Worth Up to HK$10 Million

Stock News

2025/11/27

NEO-NEON (01868) announced that the company will utilize up to HK$10 million to repurchase its shares on the open market. The repurchase will be implemented in phases by December 31, 2026, and will be funded by the company's substantial cash reserves. Upon completion, the repurchased shares will be canceled, and the necessary documents will be submitted to the relevant authorities to finalize the cancellation process.

The board believes that the current share price does not reflect the company's true value and may not fully account for its business prospects. Expressing confidence in the company's long-term growth and overall performance, the board stated that the share repurchase plan will ultimately benefit the company and create value for shareholders. NEO-NEON's existing financial resources are sufficient to execute the repurchase while maintaining a strong financial position.

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