CARSGEN-B plans to repurchase no more than 1% of the total issued shares
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CARSGEN-B announced plans to repurchase up to 1% of the total issued shares within 150 trading days starting from May 8, 2025. The funds for the repurchase will come from non-IPO fundraising, including business development income and other subsidies. If approved by shareholders at the annual meeting on May 21, 2024, the company may repurchase up to 57.5644 million shares. In May and June 2024, the company repurchased 4.1355 million shares at a total cost of approximately HKD 24.1161 million, and all repurchased shares will be canceled on July 29, 2024
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