ANE (Cayman) Inc. (HK:9956) has released an update.
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ANE (Cayman) Inc. has announced its intention to repurchase its shares under the 2024 Repurchase Mandate, with a budget not exceeding HK$150 million, in an effort to show confidence in its business and enhance shareholder value. The buy-backs are planned to be funded by the company’s own finances without using IPO proceeds and will be subject to market conditions and regulatory compliance. The company’s Board believes these actions will be beneficial and will maintain the Group’s solid financial position.
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