Abbisko Cayman Enhances Value Through Share Repurchases

Abbisko Cayman Limited (HK:2256) has released an update.

Abbisko Cayman Limited has utilized up to HKD 68.74 million of its own financial resources to repurchase and cancel over 22 million of its shares, believing the move will enhance shareholder value and better reflect the intrinsic value of the shares. The company has assured that the repurchased shares, which now reduce the total issued shares to 679,605,350, were acquired following regulatory compliance and with no intention of triggering takeover obligations.

For further insights into HK:2256 stock, check out TipRanks’ Stock Analysis page.