On May 20, MAN WAH HLDGS (01999) spent 7.113 million Hong Kong dollars to repurchase 1.97 million shares.
Minmetals Land Limited (01999) announced that, according to the general authorization granted by the shareholders at the annual general meeting held on June 30, 2025, the Company has repurchased 1,970,000 shares from the market on May 20, 2026. The highest purchase price per share was HK$3.65 and the lowest purchase price per share was HK$3.59. The Company utilized approximately HK$7.113 million (excluding commission and expenses) for this repurchase. The repurchased shares will be subsequently canceled.
MAN WAH HLDGS (01999) announced that, in accordance with the general authorization granted by the shareholders at the annual general meeting held on June 30, 2025, the company has repurchased 1.97 million shares from the market on May 20, 2026. The highest purchase price per share was HK$3.65 and the lowest purchase price per share was HK$3.59, resulting in a total expenditure of approximately HK$7.113 million (excluding commissions and expenses). The repurchased shares will be subsequently cancelled.
The company's cash flow from operating activities is currently healthy. The board of directors believes that the share repurchase and subsequent cancellation of the repurchased shares can enhance returns to shareholders and demonstrates confidence in the company's prospects.
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