COMBA Intends Share Buyback in Open Market

Stock News
Mar 24

COMBA (02342) has announced that its board of directors has passed a resolution to repurchase up to 50 million of the company's shares on the open market. This represents approximately 1.60% of the issued share capital, excluding treasury shares. The buyback will be conducted under the general share repurchase mandate approved by shareholders at the Annual General Meeting held on May 21, 2025, or any subsequent renewals of such a mandate. The board believes the repurchase demonstrates the company's confidence in its business outlook and prospects. It is expected to benefit the company and create value for shareholders. Funds for the share repurchase will be sourced from the company's internal cash flow and working capital. The board also expressed confidence that the company's existing financial resources are sufficient to carry out the buyback while maintaining a solid financial position. Therefore, the company considers the share repurchase to be in the overall interests of both the company and its shareholders.

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