Core Viewpoint - Tianli International Holdings (01773) plans to exercise the general mandate granted by shareholders at the annual general meeting on January 16, 2025, to repurchase company shares, aiming to enhance sustainable operations and maximize shareholder value [1] Summary by Relevant Sections - Share Repurchase Authorization - The company is authorized to repurchase up to 10% of the total issued shares at the annual general meeting, which amounts to a maximum of 211 million shares, excluding 9.774 million shares already repurchased on the Hong Kong Stock Exchange [1] - Financial Commitment - The board has decided to allocate a maximum total of HKD 200 million for share repurchases in the open market during the period from the announcement date until the next annual general meeting, or until the repurchase mandate is revoked or amended by shareholders [1] - Price Limitation - The actual repurchase price per share shall not exceed 105% of the average closing price of the shares for the five trading days immediately preceding each repurchase [1] - Strategic Rationale - The board believes that the share repurchase plan aligns with the overall best interests of the company and its shareholders, considering the current operational and financial conditions as well as future development prospects [1]
天立国际控股(01773)行使购回授权 拟最高2亿港元回购股份