YSB (09885) plans to use up to HKD 100 million to repurchase shares.
Yao Shibang (09885) announced that, depending on market conditions, the company plans to use up to HKD 100 million to repurchase shares in the open market pursuant to the share buy-back authorization for 2026.
YSB (09885) announced that, depending on market conditions, the company intends to utilize up to HKD 100 million to repurchase shares in the open market in accordance with the 2026 share buyback authorization.
The Board believes that the companys current share price is below its true value and does not adequately reflect its business prospects. The Board is confident that the proposed share buyback plan demonstrates the confidence of the Directors and senior management in the companys long-term growth and market performance. The Board also believes that the share buyback plan is in the best interests of the company and its shareholders overall.
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