---
title: "FENBI plans to repurchase shares in the open market for no more than HKD 200 million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/263914527.md"
description: "FENBI plans to repurchase shares in the open market with funds not exceeding HKD 200 million within the next six months, with a total repurchase not exceeding 223 million shares, accounting for approximately 10% of the issued shares. This move aims to enhance shareholder returns, demonstrate the company's confidence in future business, and address the belief that the current market value of the shares is undervalued. The company's financial condition is robust and can support sustainable development"
datetime: "2025-11-02T23:56:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/263914527.md)
  - [en](https://longbridge.com/en/news/263914527.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/263914527.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/263914527.md) | [繁體中文](https://longbridge.com/zh-HK/news/263914527.md)


# FENBI plans to repurchase shares in the open market for no more than HKD 200 million

According to the announcement from FENBI (02469), based on the general authorization granted by the company's shareholders at the annual general meeting held on June 27, 2025, the company's board of directors intends to repurchase shares in the open market for a total amount not exceeding HKD 200 million within a period of six months from the date of this announcement, subject to market conditions and the company's funding arrangements. The total number of shares to be repurchased will not exceed 223 million shares (equivalent to 10% of the total shares issued by the company as of the date of the shareholders' annual meeting, excluding treasury shares, if any).

The company currently has a stable cash flow and an overall stable financial condition, which can meet the needs of the company's sustainable business development. The board of directors believes that the value of the shares traded in the market is undervalued. The board also believes that the share repurchase can demonstrate the company's confidence in its business outlook and prospects, enhance returns to shareholders, thereby benefiting the company and creating value for shareholders, which aligns with the overall interests of the company and its shareholders

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