Be Friends Holding Plans Share Buyback

Century Sage Scientific Holdings Ltd (HK:1450) has released an update.

Be Friends Holding Limited has announced plans to utilize their Share Repurchase Mandate by spending up to HK$30 million on buying back shares, with the option to cancel them or keep as treasury shares based on market conditions and the company’s capital needs. The repurchase aims to reflect the company’s confidence in its business prospects and to create shareholder value, while maintaining a solid financial position. Shareholders and potential investors are advised to exercise caution as the repurchase is subject to market conditions and at the board’s discretion.

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