Abbisko Cayman Limited ( (HK:2256) ) has provided an announcement.
Abbisko Cayman Limited has announced a voluntary on-market share repurchase plan, with the board approving up to HKD200 million for this initiative. The plan reflects the management’s confidence in the company’s growth outlook and financial stability, aiming to enhance shareholder value by addressing the perceived undervaluation of its shares. The company will fund the repurchase from its own resources, ensuring compliance with relevant regulations and maintaining the required public shareholding percentage.
More about Abbisko Cayman Limited
YTD Price Performance: 31.09%
Average Trading Volume: 2,827,122
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$4.1B
See more insights into 2256 stock on TipRanks’ Stock Analysis page.