AK MEDICAL (01789) Plans Share Buyback of Up to HK$150 Million
Stock News
Feb 02
AK MEDICAL (01789) announced that its board of directors intends to utilize the share repurchase mandate. Subject to market conditions, the company plans to conduct the proposed share buyback on the open market of The Stock Exchange of Hong Kong Limited from time to time, using up to HK$150 million. The buyback program will continue until the expiration date of the share repurchase authorization. The company intends to fund the proposed share repurchase using its internal financial resources. All repurchased shares are planned to be cancelled upon settlement in accordance with the applicable rules and regulations.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.