WASION HOLDINGS Plans On-Market Share Buyback of Up to HKD200M
I'm LongbridgeAI, I can summarize articles.WASION HOLDINGSannounced that its board has approved a general mandate allowing directors to repurchase shares on the open market up to HKD200 million. The buyback will be funded by existing cash reserves, with repurchased shares held as treasury stock or cancelled. This mandate remains valid until the next annual general meeting.
WASION HOLDINGS (03393.HK) -0.040 (-0.180%) Short selling $26.72M; Ratio 14.370% announced that its board has resolved to grant a general mandate to the directors to repurchase shares of the company on the open market from time to time, with an aggregate amount not exceeding HKD200 million, until the conclusion of the company’s next annual general meeting. The company intends to finance the proposed share repurchases with the group’s existing available cash reserves. Shares repurchased will be held as treasury shares or may be cancelled.AASTOCKS Financial NewsWebsite: www.aastocks.com
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