Newsletter summary
Chalk (02469)CrashteamrumbleHK) plans to repurchase no more than HK $300 million of shares in the open market between May 2024 and May 2025 to demonstrate confidence in the company's long-term business and growth and is expected to create value for shareholders.
Text of news flash
[chalk plans to repurchase shares in the open market to demonstrate confidence and commitment to the future of the company] {chalk (02469.HK) announced on May 13, 2024 that it will repurchase common shares of the company with a total value of not more than HK $300 million through the open market in the coming year. This will be done prior to the annual general meeting on June 13, 2024, in accordance with the authority granted by the general meeting on June 14, 2023. } {after the end of the general meeting, the share repurchase program will continue until May 12, 2025, subject to the authorization of the 2024 annual general meeting. The chalk company plans to write off repurchased shares in accordance with the listing rules. } {the board of directors is full of confidence in the company's long-term business strategy and future development, and believes that the share repurchase plan will not only bring benefits to the company, but also create more value for shareholders.CrashteamrumbleThey believe that this move is in the best interests of the company and all shareholders as a whole. }
