Hangzhou SF Intra-city Industrial Co., Ltd. Class H (HK:9699) has released an update.
Hangzhou SF Intra-city Industrial Co., Ltd. has announced its continued intention to repurchase shares, having already bought back over 16 million H shares for HK$163 million under a pre-approved mandate. The Board plans to use around HK$37 million of remaining funds for further open market repurchases, which may result in the cancellation of these shares or their retention as treasury shares, depending on market conditions. The company confirms that the repurchase program will abide by regulatory requirements and will be contingent on market conditions and the company’s capital management needs.
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