MARKETINGFORCE (02556) plans to repurchase company shares in the open market.
Mingcheng Property Management Limited (02556) announced that the Board of Directors intends to repurchase company shares on the open market from the date of this announcement until the expiration of the authorized repurchase period. The company will use existing available cash reserves to fund the share repurchase plan. In accordance with the ordinary resolution passed by the company's shareholders at the annual general meeting held on May 19, 2025, the directors have been granted general and unconditional authorization to repurchase shares, not exceeding 10% of the total number of issued shares of the company as of May 19, 2025 (excluding treasury shares), i.e. not exceeding 25,622,699 shares of the company's issued shares.
MARKETINGFORCE (02556) announced that the board of directors intends to repurchase the company's shares on the public market from the date of this announcement until the expiry of the authorized period for share buy-backs. The company will provide funds for the buy-back plan from its existing available cash reserves. In accordance with the ordinary resolution passed by the company's shareholders at the annual general meeting held on May 19, 2025, the directors have been granted a general and unconditional authorization to repurchase shares, not exceeding 10% of the total number of shares issued by the company on May 19, 2025 (excluding treasury shares) (i.e. not exceeding 25.627 million shares issued by the company).
The management team of the company is confident in the future prospects of the group. The share buy-back plan reflects the board of directors' and management team's confidence in the long-term business prospects and growth of the company. The board of directors believes that the share buy-back plan is in the best overall interests of the company and its shareholders.
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