FLAT GLASS (06865) Plans Buyback of H-Shares

Stock News
04/08

FLAT GLASS (06865) has announced its intention to repurchase the company's H-shares. The decision is based on the board's firm confidence in the future development prospects of FLAT GLASS Group Co., Ltd. and its high recognition of the company's value. Aimed at further safeguarding shareholder rights and enhancing investor confidence, the move follows a comprehensive consideration of the company's business outlook, operational status, financial condition, future profitability, and the recent performance of its H-shares in the secondary market. The repurchased H-shares will be held as treasury shares. The company believes the share buyback is in the overall interests of FLAT GLASS and its shareholders. Consequently, the board of directors will propose that the shareholders' general meeting approves and authorizes the board, or persons authorized by the board, to handle all matters related to this partial H-share repurchase.

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