Core Viewpoint - Premium Catering (Holdings) Limited has authorized a share repurchase program for up to $1.0 million of its Ordinary Shares, indicating the Board's belief that the share price may be undervalued relative to long-term opportunities [1][2]. Company Overview - Premium Catering (Holdings) Limited is a certified Halal food caterer specializing in Indian, Bangladeshi, and Chinese cuisine, with over 11 years of experience in the catering services industry in Singapore [4]. - The company primarily supplies budget prepared meals to foreign construction workers in Singapore and operates food stalls, buffet catering services for private functions, and ancillary delivery services [4]. - Since 2019, the company has introduced smart incubators for secure, hygienic, and contactless meal delivery at a pre-set temperature [4]. Share Repurchase Program Details - The repurchase program allows the company to buy back shares through various means, including open market purchases and privately negotiated transactions, in compliance with federal securities laws [3]. - The volume, timing, and manner of repurchases will be at the company's discretion, influenced by market conditions and other factors [3]. - The program does not obligate the company to repurchase a specific amount of stock and can be modified or discontinued at any time [3].
Premium Catering (Holdings) Limited Announces Share Repurchase Program