BILLION IND (02299) disclosed in its latest filing that the company has formally cancelled 2.876 million repurchased shares effective July 15, 2025. This corporate action follows the stock buyback initiative previously executed by the textile manufacturer, reducing the total outstanding shares in circulation. Such cancellations typically aim to enhance shareholder value by increasing earnings per share metrics. The move aligns with capital management strategies often adopted by Hong Kong-listed enterprises to optimize their equity structure.
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