Dekon Food And Agriculture Group Announces Intention to Repurchase Up to HK$500,000,000 in H Shares
Reuters
Sep 29
Dekon Food And Agriculture Group Announces Intention to Repurchase Up to HK$500,000,000 in H Shares
Dekon Food and Agriculture Group has announced its intention to conduct an on-market share repurchase, with the aggregate amount of the buyback not exceeding HK$500,000,000. The repurchased H Shares are primarily intended for employee stock ownership plans or equity incentives, as well as other purposes permitted by law. The company stated that the repurchase will be executed on the open market, subject to market conditions and regulatory requirements. Dekon's board believes this move will benefit the company's long-term development and demonstrate confidence in its business outlook. The company also confirmed that its current financial resources are sufficient to carry out the repurchase while maintaining a stable financial position.
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