HAITIAN FLAV Plans RMB1B-2B A-Share Buyback
I'm LongbridgeAI, I can summarize articles.Haitian Flavors & Fragrancesannounced a plan to repurchase A-shares worth RMB1 billion to RMB2 billion via centralized bidding, with a max price of RMB53 per share. At least 70% of repurchased shares will be cancelled to reduce registered capital, while the remainder may support employee incentives. The buyback period is up to 12 months post-approval.
HAITIAN FLAV (03288.HK) +0.880 (+3.020%) Short selling $3.70M; Ratio 3.421% announced a proposed plan to repurchase its A-shares through centralized bidding. The total buyback amount will be no less than RMB1 billion and no more than RMB2 billion, with a maximum repurchase price of RMB53 per share.
The group stated that shares repurchased with its own funds will be used for cancellation, reduction of registered capital, and implementation of employee share ownership plans or equity incentives. At least 70% of the repurchased shares will be cancelled and the registered capital will be reduced accordingly. The buyback will be conducted within no more than 12 months from the date the proposal is approved at the shareholders’ meeting.
Based on a maximum repurchase price of RMB53 per share and the upper limit of RMB2 billion in total funds, it is estimated that no fewer than 37.736 million shares will be repurchased, representing approximately 0.64% of the total share capital. Based on the lower limit of RMB1 billion, it is estimated that no fewer than 18.868 million shares will be repurchased, representing approximately 0.32% of the total share capital. (ha/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-22 16:25.)