Core Viewpoint - Pan-Asia Environmental (00556.HK) announced its latest business developments based on the current cash position, financial status, and business plans, highlighting a strong cash balance and plans to enhance shareholder returns [1] Financial Position - As of June 30, 2025, the company's cash and bank balance is approximately RMB 1.3 billion (around HKD 1.4 billion), representing about 97% of total assets [1] Planned Initiatives - The board plans to implement several key initiatives by December 31, 2026, to improve shareholder returns and reduce cash levels: - Allocate approximately HKD 200 million for special dividends [1] - Allocate approximately HKD 100 million for share buybacks [1] - Allocate approximately HKD 84 million to repay amounts owed to the company’s direct and ultimate holding companies [1] - Allocate approximately HKD 580 million to expand core business operations [1] - Allocate approximately HKD 200 million for business diversification [1] - Retain approximately HKD 220 million for general working capital [1]
泛亚环保(00556.HK)拟动用约5.8亿港元拓展主营业务