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Tianli International Holdings Limited ( (HK:1773) ) has shared an update.
Tianli International Holdings Limited has announced a voluntary on-market share repurchase plan under its existing shareholder-approved mandate, allowing the board to buy back up to 10% of the company’s issued share capital, or 209,242,800 shares, during the period up to the next annual general meeting. The board has authorized the use of up to HK$200 million for repurchases, with the buyback price capped at no more than 5% above the average closing price of the shares over the preceding five trading days, and any repurchased shares will be cancelled; the company states the move is intended to support sustainable operations, protect long-term investor interests and enhance shareholder value, while emphasizing it will maintain the required public float and avoid triggering a mandatory takeover offer, and that the actual timing and scale of repurchases will depend on market conditions and remain at the board’s discretion.
More about Tianli International Holdings Limited
Tianli International Holdings Limited is a Cayman Islands–incorporated company listed on the Hong Kong Stock Exchange. The announcement does not specify its industry or principal lines of business, but indicates it operates through a group structure with subsidiaries and is subject to Hong Kong listing rules and the Takeovers Code.
Average Trading Volume: 17,863,187
Technical Sentiment Signal: Hold
Current Market Cap: HK$5.6B
See more insights into 1773 stock on TipRanks’ Stock Analysis page.