YSB Buys Back HK$2 Million of Shares; Shareholders to Propose Another Repurchase Mandate

MT Newswires Live

May 08

YSB (HKG:9885) repurchased 300,000 shares for HK$2.1 million at an average of HK$7.0147 apiece, according to a Thursday filing with the Hong Kong bourse.

The company will cancel the repurchased shares, which were bought back under a share repurchase mandate approved in 2024.

Meanwhile, the company will allocate HK$100 million under the 2024 share repurchase plan up until the May 31 annual general meeting for 2025.

Shareholders will also propose to the board to grant another mandate to buy back up to 10% of the company's total shares under a fresh mandate for 2025.

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