CHINA LIT (00772) plans to repurchase company shares.
Yuewen Group (00772) announced that the Board of Directors has approved a plan to exercise the power under the general mandate granted by the company's shareholders at the annual general meeting held on May 30, 2025 to repurchase the company's shares. Shareholders have approved a repurchase authorization in the market not exceeding 10% of the issued shares on the day of the annual general meeting. Any share repurchases after the expiration of the current repurchase authorization must wait for the shareholders to grant the Board of Directors a general mandate for repurchasing shares at the next annual general meeting in 2026. According to the repurchase authorization, the total number of shares that can be repurchased is not more than 102.2 million shares, with a maximum funding of HK$1.2 billion for the proposed share repurchase plan.
China Lit (00772) announced that the board of directors has approved a plan to exercise the power granted by the shareholders at the company's annual general meeting held on May 30, 2025, to repurchase company shares. Shareholders have approved a repurchase authorization of up to 10% of the company's issued shares on the day of the annual general meeting in the market. Any share repurchases after the expiration of the existing repurchase authorization must wait for the shareholders to grant the board of directors a general authorization for share repurchases at the company's next annual general meeting in 2026 to become effective. According to the repurchase authorization, the maximum number of shares that can be repurchased is up to 102.2 million shares, with a proposed maximum total fund amount of HK$1.2 billion for the share repurchase plan.
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