Neo-Neon (HKG:1868) plans to repurchase up to HK$10 million worth of shares under its existing general mandate, according to a Thursday Hong Kong bourse filing.
Shares of the decorative lighting company were up nearly 3% in Friday morning trade.
The buybacks will be carried out in phases through Dec. 31, 2026, and funded from the company's cash reserves.
Repurchased shares will be cancelled upon completion, the filing said.
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