Yangzijiang Financial Holding puts up $200m share buy-back programme
It will increase shareholders’ value and improve return on equity.
Yangzijiang Financial Holding Limited established an over $200m share buy-back programme following the share buy-back mandate granted by the company’s shareholders during a meeting on 8 June 2022.
According to its statement, Yangzijiang Financial Holding Limited said the programme seeks to raise shareholders’ value and enhance the return on equity of their firm.
The company intends to buy up to $200m of shares of the firm through market purchases.
The maximum number of shares that may be purchased by the firm under the programme is 395,058,922, which amounts to 10% of the issued shares.