Yip’s Chemical Holdings Launches Share Buyback

Yip’s Chemical Holdings (HK:0408) has released an update.

Yip’s Chemical Holdings Limited has announced a share buyback program, with plans to commence on 18 June 2024 and end at its 2025 annual general meeting, aiming to enhance shareholder value by potentially boosting net asset and earnings per share. The company intends to repurchase up to 10% of its issued shares, with a maximum investment of HK$30 million, which could account for approximately 3.57% of total issued shares. Any repurchased shares will be held in treasury, funded by internal resources, and conducted in compliance with market regulations.

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