NEO-NEON (01868) plans to repurchase up to HK$10 million worth of shares.
Tongfang Youyou (01868) announced that the company will use up to 10 million Hong Kong dollars to repurchase its shares on the open market. The repurchase will be carried out in stages before December 31, 2026. The company will allocate funds for the share repurchase plan from its substantial cash reserves. Upon completion, the repurchased shares will be cancelled, and relevant documents will be submitted to the relevant authorities to complete the deregistration process.
NEO-NEON (01868) announced that the company will utilize up to 10 million Hong Kong dollars to repurchase its shares on the open market, and the repurchase will be implemented in phases by December 31, 2026. The company will allocate funds for the share repurchase plan from its substantial cash reserves. Once completed, the repurchased shares will be canceled, and the relevant documents will be submitted to regulatory authorities to complete the deregistration process.
The Board of Directors believes that the current stock price of the company does not reflect its true value, and may not fully reflect the company's business prospects. The Board is confident in the company's long-term development and overall business performance, therefore implementing the share buyback plan will ultimately benefit the company and create value for shareholders. The company's existing financial resources are sufficient to implement the share repurchase plan while maintaining a strong financial position.
Related Articles
Shareholding ratio held by the China Integrated Circuit Fund in Sai MicroElectronics Inc. (300456.SZ) has dropped to below 5%.
Rianlon Corporation (300596.SZ) plans to increase capital by 50 million yuan in Sudofu, its main business is the electronic adhesive industry.
Bank of China (03988) will distribute a mid-term dividend of HK$1.094 for every 10 shares on January 23, 2026.
Shareholding ratio held by the China Integrated Circuit Fund in Sai MicroElectronics Inc. (300456.SZ) has dropped to below 5%.
Rianlon Corporation (300596.SZ) plans to increase capital by 50 million yuan in Sudofu, its main business is the electronic adhesive industry.
Bank of China (03988) will distribute a mid-term dividend of HK$1.094 for every 10 shares on January 23, 2026.
RECOMMEND
Food Delivery Ceasefire: Chinese Concept Stocks Reach Dual Inflection In Value And Technology — From Cash‑Burning Rivalry To An AI‑Led Strategic Upgrade
27/11/2025
Six Departments Issue Joint Plan To Boost Consumption And Improve Supply‑Demand Alignment For Consumer Goods
27/11/2025
Citi Research On China’s Humanoid Robot Industry: Broad Optimism, Exponential Growth Likely In 2026, At Least A Doubling
27/11/2025
