HK Stock Market Move | IFBH (06603) surged more than 8%, planning to repurchase up to 5% of its shares within six months.

IFBH (06603) rose more than 8%, as of the time of writing, it rose 8.33% to 17.04 Hong Kong dollars, with a turnover of 33.87 million Hong Kong dollars. On the news front, IFBH announced yesterday after trading hours that, in view of the current market conditions, IFBH Limited intends to repurchase company shares in accordance with the general authorization granted to the board of directors on June 17, 2025, and the relevant requirements of the Hong Kong Listing Rules. Starting from the announcement date, within the next six months, the company may repurchase up to 5% of the total issued share capital as of the announcement date on the Hong Kong Stock Exchange. The company believes that the current stock price does not reflect its intrinsic value. The board of directors remains confident in the company's business fundamentals and long-term growth prospects, and believes that the proposed share buyback is an attractive use of capital that is expected to enhance shareholder value. It is reported that on December 30, IFBH officially saw its cornerstone shareholding unlocked. According to a previous announcement by the company, the final date for cornerstone investors to adhere to the lock-up commitment is December 29, 2025. Data shows that a total of 11 shareholders of IFBH are involved in the unlock, with a cumulative number of unlocked shares totaling 11.15 million shares.