Chow Sang Sang Holdings International (HK:0116) has released an update.
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Chow Sang Sang Holdings International Limited has announced its intention to buy back up to 67,743,400 of its shares, equivalent to 10% of its total issued shares, for no more than HKD100 million from its internal cash resources. The Board believes this move will enhance the company’s earnings per share and return on capital, reflecting the undervalued share prices and demonstrating confidence in the company’s long-term prospects. However, the execution of the share repurchase will depend on market conditions and is at the Board’s discretion.
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