Binhai Investment Plans Strategic Share Buyback

Binhai Investment Co (DE:WS7A) has released an update.

Binhai Investment Company Limited announced its intention to buy back up to 10% of its shares, emphasizing confidence in the company’s intrinsic value and business prospects. The repurchase, capped at HK$20 million, will be funded by the company’s own financial resources to avoid impacting its working capital. The Board believes this action will benefit shareholders and add value to the company, although the repurchase’s timing, quantity, and price are subject to market conditions and the Board’s discretion.

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