Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
GEELY AUTO Proposes Shr Buyback of Max. $2.3B
Recommend 15 Positive 43 Negative 12 |
||||
|
||||
|
GEELY AUTO (00175.HK) announced that it had approved a share buyback of up to HK$2.3 billion. The buy-back will be conducted through an automatic programme for repurchasing the Shares from the open market under the Repurchase Mandate. Shares repurchased under the Programme will be cancelled. Pursuant to the Repurchase Mandate, the Company is authorized to repurchase up to 1 billion shares, representing 10% of the total number of issued Shares as at the date of the AGM, on The Stock Exchange of Hong Kong Limited. The Company said that the share buy-backs under the current uncertain market conditions will demonstrate the Company’s confidence in its business outlook and prospects. The Board believed that the Company’s existing financial resources are sufficient to implement the Programme while maintaining a solid financial position. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
