Ever Sunshine Cancels Shares to Boost Value

CIFI Ever Sunshine Services Group Limited (HK:1995) has released an update.

Ever Sunshine Services Group Limited has announced the cancellation of 20,666,000 repurchased shares, which is expected to improve the net asset value and earnings per share for the remaining shareholders. This move follows the company’s repurchase of shares under the 2023 and 2024 Buy-back Mandates, which represented about 0.93% and 0.26% of the total issued share capital respectively at the time of approval. The cancellation is seen as beneficial for the company and its shareholders.

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